CANADA STOCKS-Futures little changed after weak U.S. jobs data

Fri Jun 3, 2016 9:08am EDT
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(Updates with economic data)

June 3 (Reuters) - Canada stock futures were little changed on Friday after weak U.S. jobs data reduced the prospect of an interest rate hike by the Federal Reserve in the coming months.

Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the U.S. Labor Department said.

U.S. jobless rate fell three-tenths of a percentage point to 4.7 percent in May, the lowest since November 2007.

June futures on the S&P TSX index were flat at 8:55 a.m. ET.

The labor productivity of Canadian businesses grew by 0.4 percent in the first quarter after recording no growth in the fourth quarter of 2015, Statistics Canada said.

Canada's trade deficit in April narrowed to C$2.94 billion ($2.24 billion) from a record C$3.18 billion in March as exports grew at a slightly faster rate than imports, according to another report.

Canada's main stock index rose on Thursday, led by energy and financial stocks, as oil settled higher after a U.S. crude draw offset disappointment that some major producers did not restrain output.

Dow Jones Industrial Average e-mini futures were down 0.29 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were down 0.37 percent and Nasdaq 100 e-mini futures were down 0.28 percent.   Continued...