CANADA STOCKS-Futures jump after higher-than-expected jobs data

Fri Apr 8, 2016 9:15am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Updates after jobs data)

April 8 (Reuters) - Canadian stock futures rose on Friday after data showed Canada added far more jobs than expected last month, bringing the unemployment rate down from a three-year high.

Data from Statistics Canada showed the economy created 40,600 jobs in March, far surpassing economists' expectations for 10,000. The unemployment rate declined to 7.1 percent, its lowest level since December.

June futures on the S&P TSX index were up 0.81 percent at 9:00 a.m. ET. They were up 0.5 percent at 7:30 a.m.

Canada's main stock index fell to a one-month low on Thursday as lower oil prices weighed on energy stocks, while financials and consumer discretionary stocks also lost ground as investor appetite for risk waned globally.

Dow Jones Industrial Average e-mini futures were up 0.68 percent at 9:00 a.m. ET, while S&P 500 e-mini futures were up 0.80 percent and Nasdaq 100 e-mini futures were up 0.79 percent.

(Morning News Call newsletter; The Day Ahead newsletter

TOP STORIES   Continued...