CANADA STOCKS-TSX set to fall at open, hurt by weak U.S. data

Fri Jul 8, 2011 9:00am EDT
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July 8 (Reuters) - Toronto's resource heavy main stock index looked set to open lower on Friday, as much weaker-than-expected U.S. jobs data slammed investor confidence and sent commodity prices tumbling.


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

* The Canadian dollar weakened to a session low against the U.S. dollar on Friday after the disappointing U.S. jobs data. [CAD/]

* U.S. stock index futures tumbled on Friday after the U.S. economy added far fewer jobs than expected in June, confounding expectations for more signs of strength in the labor market. [.N]

* European stock markets slipped on Friday after U.S. non-farm payrolls data came in far below expectations, sending investors flocking towards safe haven assets. [.EU]


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.51 percent in early trade.

* U.S. and Brent crude futures fell sharply Friday after a disappointing report on June nonfarm payrolls in the United States. [O/R]   Continued...