CANADA STOCKS-Higher commodity prices drive futures higher

Fri Mar 11, 2016 9:02am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Updates with economic data)

March 11 (Reuters) - Canada's main stock index futures indicated a higher opening on Friday, driven by a recovery in metal and crude oil prices, even as the data from Statistics Canada showed the economy unexpectedly lost 2,300 jobs in February.

The unemployment rate in February climbed for the third straight month to 7.3 percent, the highest since March 2013.

March futures on the S&P TSX index were up 1 percent at 8:45 a.m. ET.

Separately, Statistics Canada said the ratio of Canadian household debt-to-income rose to a record 165.4 percent in the fourth quarter from an upwardly revised 164.5 percent in the third quarter.

Canada's main stock index fell in volatile trade on Thursday, just its second slip in 11 sessions, as investors looked past the European Central Bank's rate cuts and expansion of stimulus to focus on signals that there would be no further cuts.

Dow Jones Industrial Average e-mini futures were up 0.79 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 0.88 percent and Nasdaq 100 e-mini futures were up 1.03 percent. (Morning News Call newsletter; The Day Ahead newsletter

TOP STORIES   Continued...