CANADA STOCKS-Futures higher after strong jobs data

Fri Jan 6, 2017 9:05am EST
 
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(Adds jobs, trade data)

Jan 6 (Reuters) - Canadian stock futures reversed course and pointed to a higher opening for the main stock index on Friday after a report showed that the economy unexpectedly added jobs in December.

The economy added 53,700 jobs in the previous month, Data from Statistics Canada showed, compared with analysts' forecast of no change in employment.

Another report showed that Canada posted an unexpected trade surplus of C$526 million in November, the first in more than two years.

In the United States, employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum. This could encourage faster rate hikes by the Federal Reserve this year.

March futures on the S&P TSX index were up 0.02 percent at 8:45 a.m. ET.

Canada's main stock index extended its new year rally to a third day on Thursday, as gold miners and other materials stocks rose with higher commodity prices.

Dow Jones Industrial Average e-mini futures were up 0.03 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 0.06 percent and Nasdaq 100 e-mini futures were up 0.12 percent.

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