CANADA STOCKS-TSX seen little changed; U.S. jobs data eyed

Fri Apr 3, 2009 8:13am EDT
 
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TORONTO, April 3 (Reuters) - Toronto's main stock index could open little changed on Friday after soaring to its highest close in nearly three months the day before, as commodities were little changed and as investors braced for key U.S. monthly jobs data.

World stocks .MIWD00000PUS steadied on Friday as investors were cautious ahead of the closely watched U.S. employment report. U.S. stock index futures were slightly higher ahead of the data. [ID:nN03313510]

On Thursday, the S&P/TSX composite index .GSPTSE rose 131.32 points, or 1.47 percent, to close at 9,073.14, its highest closing level since Jan. 9, buoyed by hopes that actions agreed to at the G20 summit in London would help restore global growth.

Here is some news that could affect the market:

EYES ON U.S. JOBS DATA

The United States is likely to see another grim monthly jobs report when it issues March data on Friday, the White House said. [ID:nL3248201] Forecasters polled by Reuters expect the nonfarm payrolls data to show the economy shed 650,000 jobs in March, while the jobless rate is forecast at 8.5 percent.[ID:nN01523085]

RESEARCH IN MOTION RIM.TO

Research In Motion RIMM.O posted surprisingly strong quarterly earnings on Thursday and offered a rosy outlook that signaled further growth despite the global economic slowdown as consumers embrace its newest BlackBerry smartphones. [ID:nN02275379]

AIR CANADA ACa.TO   Continued...