CANADA STOCKS - Factors to watch on Oct 10

Fri Oct 10, 2008 9:23am EDT
 
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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.

INSURED MORTGAGES

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]

JOBS DATA

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]

TRADE DATA

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...