CANADA STOCKS-Futures extend losses after weak jobs reports

Fri May 6, 2016 9:06am EDT
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(Updates after release of jobs data)

May 6 (Reuters) - Canadian stock index futures extended losses after weak Canadian and U.S. jobs reports for April.

U.S. nonfarm payrolls increased by 160,000 jobs, short of the 202,000 analysts had expected on average, as construction employment barely rose and the retail sector shed jobs. The gain in employment was the smallest in seven months.

Canada lost a net 2,100 jobs last month, compared with expectations of no change. The unemployment rate was steady at 7.1 percent.

The Ivey Purchasing Managers Index is due at 10:00 a.m. ET .

June futures on the S&P TSX index were down 0.52 percent at 8:45 a.m. ET.

Canada's main stock index ended nearly unchanged on Thursday as gains for gold stocks offset losses for financials, while investors grappled with impact of a massive wildfire that has shut some production in the country's oil sands region.

Dow Jones Industrial Average e-mini futures were down 0.51 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were down 0.60 percent and Nasdaq 100 e-mini futures were down 0.56 percent.

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