July 7, 2017 / 11:25 AM / in a month

CANADA STOCKS-Futures drop as oil slips 3 pct

July 7 (Reuters) - Canadian stock futures looked set to open lower on Friday as oil prices fell after data showed U.S. production rose last week, coinciding with a year-high rise in exports from OPEC countries.

September futures on the S&P TSX index were down 0.16 percent at 7:15 a.m. ET.

Data showing employment change is due at 8:30 a.m. ET.

Canada's benchmark stock index fell on Thursday in a broad retreat, with Tahoe Resources Inc plunging after its license to operate in Guatemala was suspended and Toronto housing data weighing on the financial sector.

Dow Jones Industrial Average e-mini futures were down 0.03 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.02 percent and Nasdaq 100 e-mini futures were up 0.11 percent.

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TOP STORIES

Canadian oil producer Paramount Resources Ltd said on Thursday that it would buy the Canadian subsidiary of U.S. oil and gas firm Apache Corp for $459.5 million.

ANALYST RESEARCH HIGHLIGHTS

Barrick Gold Corp: BMO cuts rating to "market perform" from "outperform"

CCL Industries Inc: Keybanc cuts rating to "sector weight" from "overweight"

Precision Drilling Corp: Raymond James raises rating to "strong buy" from "outperform"

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,220.1; -0.17 pct

US crude: $44.13; -3.08 pct

Brent crude: $46.71; -2.91 pct

LME 3-month copper: $5,829.50; -0.37 pct

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Non-Farm payrolls for Jun: Expected 179,000; Prior 138,000

0830 Private payrolls for Jun: Expected 172,000; Prior 147,000

0830 Manufacturing payrolls for Jun: Expected 5,000; Prior -1,000

0830 Government payrolls for Jun: Prior -9000

0830 Unemployment rate for Jun: Expected 4.3 pct; Prior 4.3 pct

0830 Average earnings mm for Jun: Expected 0.3 pct; Prior 0.2 pct

0830 Average workweek hours for Jun: Expected 34.4 hrs; Prior 34.4 hrs

0830 Labor force participation for Jun: Prior 62.7 pct

0830 U6 underemployment for Jun: Prior 8.4 pct

1030 ECRI Weekly Index: Prior 143.1

1030 ECRI weekly annualized: Prior 3.0 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.30) (Reporting by Riniki Sanyal in Bengaluru)

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