CANADA STOCKS - Factors to watch on Oct 10
TORONTO Oct 10 (Reuters) - Canada's S&P/TSX composite index .GSPTSE may be pressured on Friday as oil tumbled below $83 a barrel on fears demand will shrink if the global economy goes into recession.
Here is some of the news that could affect the market.
Canada plans to buy up to C$25 billion in insured mortgages in a bid to help cushion the blow from the global financial crisis and address the "scarcity" of private sector lending, Finance Minister Jim Flaherty says. [ID:nN10361962]
Canadian employment unexpectedly soared by 107,000 jobs in September, according to Statistics Canada data. Most of the increase was in part-time employment but even the rise in full-time jobs exceeded the increase in total employment foreseen in a Reuters survey of analysts. [ID:nN10365080]
Canada's trade surplus defied expectations and jumped to C$5.8 billion in August from C$4.2 billion in July, Statistics Canada data shows. [ID:nN08254064]
CANADA ELECTION Continued...