(Adds economic data)
Jan 8 (Reuters) - Canadian stock futures extended gains on Friday after data indicated that the economy added more-than-expected jobs and oil prices recovered from their 12-year lows.
Canada's economy added 22,800 jobs in December, higher than the average analyst estimate of 10,000, in part making up for heavy losses in the previous month, according to data released by Statistics Canada. The unemployment rate stayed at 7.1 percent last month.
March futures on the S&P TSX index were up 1.10 percent at 8:45 a.m. ET.
Separately, Statistics Canada said that the value of Canadian building permits issued in November fell 19.6 percent on widespread declines in the energy-producing province of Alberta, which had seen a boom in October.
The Toronto Stock Exchange's S&P/TSX composite index slid on Thursday to its lowest level in nearly two-and-a-half years as investors worried about China's equities market and oil prices pushed ever lower.
Dow Jones Industrial Average e-mini futures were up 1.35 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 1.4 percent and Nasdaq 100 e-mini futures were up 1.43 percent.
U.S. job growth surged in December and employment for the prior two months was revised sharply higher, suggesting that a recent manufacturing-led slowdown in economic growth would be temporary.
The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.
TransCanada Corp faces a rocky legal path as it seeks to overturn U.S. President Barack Obama's denial of its Keystone XL pipeline or at least recoup some of its lost investment in the multi-billion dollar project.
COMMODITIES AT 8:45 a.m. ET
Gold futures : $1,096; -1.06 pct
US crude : $33.61; +1.05 pct
Brent crude : $34.13; +1.13 pct
LME 3-month copper : $4,506; -0.40 pct
Jean Coutu Group PJC Inc : BMO cuts target price to C$19 from C$20; rating "market perform"
Precision Drilling Corp : JP Morgan cuts target price to C$5 from C$6; rating "neutral"
Silver Wheaton Corp : CIBC raises rating to "sector outperformer" from "sector performer"
0830 Non-farm payrolls for Dec: Actual 292,000; Revised 211,000
0830 Private payrolls for Dec: Actual 275,000; Revised 240,000
0830 Manufacturing payrolls for Dec: Actual 8,000; Revised 2,000
0830 Government payrolls for Dec: Actual 17,000; Revised 12,000
0830 Unemployment rate for Dec: Actual 5.0 pct; Prior 5.0 pct
0830 Average earnings mm for Dec: Actual 0.0 pct; Prior 0.2 pct
0830 Average workweek hours for Dec: Actual 34.5 hrs; Prior 34.5 hrs
0830 Labor force participation for Dec: Actual 62.6 pct; Prior 62.5 pct
0830 U6 Underemployment for Dec: Actual 9.9 pct; Prior 9.9 pct
1000 Wholesale inventories mm for Nov: Expected -0.1 pct; Prior -0.1 pct
1000 Wholesale sales mm for Nov: Expected 0.0 pct; Prior 0.0 pct
1030 ECRI Weekly Index: Prior 130.9
1030 ECRI weekly annualized: Prior -0.9 pct
1500 Consumer credit for Nov: Expected $18.25 bln; Prior $15.98 bln
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.41) (Reporting by Nikhil Kumar in Bengaluru; Editing by Maju Samuel and Kirti Pandey)