CANADA STOCKS-TSX set to rise on oil prices, jobs data

Fri Sep 10, 2010 8:34am EDT
 
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TORONTO, Sept 10 (Reuters) - Toronto's main stock index could open higher on Friday, buoyed by a jump in crude oil prices on a forced shutdown of a major U.S.-Canada pipeline and slightly stronger-than-expected jobs data.

FACTORS TO WATCH

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

* Canada's economy added 35,800 jobs in August, slightly more than expected, although the pace of employment creation was slower than in the first half of the year, Statscan report showed.

* The Canadian dollar rose to a three-week high against the U.S. dollar after data showed the Canadian economy added more jobs than expected last month.

* U.S. stock index futures rose slightly on Friday in low volume and were up for the seventh day in eight, buoyed by a jump in crude oil prices. [.N]

* European shares retreated from four-month highs on Friday, with banks slipping ahead of the Basel Committee meeting and on a report Deutsche Bank plans a capital increase of up to 9 billion euros (US$11.4 billion). [.EU]

* Asian markets rose with the Nikkei gaining 1.6 percent, helped by what some market players said was buying of futures and a slight softening of the yen against the dollar.

COMMODITY PRICE MOVES   Continued...