CANADA STOCKS-TSX set to open higher on economic data

Fri Feb 6, 2015 9:03am EST
 
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(Adds jobs and housing permits data)

Feb 6 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Friday after better-than-expected employment and construction data.

March futures on the S&P TSX index were up 0.22 percent at 8.30 a.m. ET.

Canada's economy added a higher-than-expected 35,400 jobs in January, with the bulk of the hiring in part-time positions and among women aged 55 and over, according to Statistics Canada data released on Friday.

The value of Canadian building permits rose by a higher-than-expected 7.7 percent in December on strong growth in non-residential construction intentions, Statistics Canada data indicated on Friday.

Canada's main stock index gained on Thursday as a 4-percent jump in crude oil prices helped energy stocks, while banks also contributed to a more positive tone.

Dow Jones Industrial Average e-mini futures were up 0.32 percent at 8.30 a.m. ET on Friday, while S&P 500 e-mini futures were up 0.29 percent and Nasdaq 100 e-mini futures were up 0.21 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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