CANADA STOCKS-TSX seen rising for 8th session on U.S. jobs data

Fri Sep 3, 2010 8:58am EDT
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TORONTO, Sept 3 (Reuters) - Toronto's resource-heavy main stock index looked set to rise for an eighth consecutive session on Friday, as commodity prices surged after U.S. jobs data came in stronger than expected.


* U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth. [ID:nN02227856]

* Canadian equity futures <0#SXF:> pointed to a higher open.

* U.S. stock index futures rose on Friday after data showed the decline in employment was far less than expected in August. [.N]

* European shares extended gains. [.EU]

* Stocks in Asia were mixed with the Nikkei rising 1.4 percent on the week, its biggest weekly gain in nearly two months.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.21 percent in early trade.   Continued...