CANADA STOCKS-TSX may open lower on Europe, resources, jobs data

Fri Feb 5, 2010 8:53am EST
 
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TORONTO Feb 5 (Reuters) - Canada's main stock market index looked set to open lower on Friday as weak commodity prices and worries over the financial well-being of some European countries continued to weigh heavily on the market.

Investors will also take time to digest employment data from both sides of the border.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE notched its steepest percentage drop since early October on Thursday, slumping 2.3 pct to 11,128.76.

Here is some of the news that may affect the market.

NORTH AMERICAN JOBS

Canada's unemployment rate fell to 8.3 percent in January, its lowest rate since September, from 8.4 percent in December as the economy added 43,000 jobs. [ID:nN05253705]

Meanwhile, U.S. employers unexpectedly cut 20,000 in January, while the unemployment rate fell to a five-month low of 9.7 percent. [ID:nN04115255]

EUROPE'S WOES   Continued...