CANADA STOCKS-Weak jobs report drags futures lower

Fri Feb 5, 2016 9:07am EST
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(Updates with jobs report)

Feb 5 (Reuters) - Canada's main stock index futures turned lower on Friday after weak jobs report underlined the economy's struggle to cope with the effects of low oil prices.

Statistics Canada said 5,700 jobs were lost in January and the unemployment rate edged up to a two-year high of 7.2 percent as more people entered the work force.

March futures on the S&P TSX index were down 0.28 percent at 8:55 a.m. ET.

Other data showed Canada's trade deficit unexpectedly shrank to C$585 million ($427 million) in December from C$1.59 billion in November as exports jumped by a healthy 3.9 percent.

Canada's main stock index jumped on Thursday as higher commodity prices helped lift mining stocks, while banks and railways also saw strong gains and the energy sector rose despite a slip in oil prices.

Dow Jones Industrial Average e-mini futures were down 0.39 percent at 8:55 a.m. ET, while S&P 500 e-mini futures were down 0.47 percent and Nasdaq 100 e-mini futures were down 0.50 percent.

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