CANADA STOCKS-TSX set to open lower on weak jobs data

Fri Oct 8, 2010 9:01am EDT
 
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Oct 8 (Reuters) - Toronto's main stock index looked set to open lower on Friday, hurt by reports showing unexpected job losses in the United States and Canada.

FACTORS TO WATCH

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

* Canadian dollar touched a session low against the U.S. currency after the domestic economy unexpectedly lost 6,600 jobs in September. [CAD/] [ID:nN08200558]

* U.S. stock index futures rose on Friday as investors took a worse-than-expected jobs report as a sign the Federal Reserve would take more action to spur an economic recovery. [.N]

* European shares slipped, with Barclays BARC.L leading the banking sector lower as a key investor effectively further cut his stake. [.EU]

* Markets in Asia were mostly down as investors took profits, but Shanghai bucked the trend to gain 3.1 percent, its highest level since early May as local markets caught up with a global rally after a week-long National Day holiday.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.07 percent in early trade.   Continued...