CANADA STOCKS-TSX seen sliding after weak U.S. jobs data

Fri Sep 2, 2011 8:41am EDT
 
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Sept 2 (Reuters) - Toronto's main stock index was set to open sharply lower on Friday after U.S. jobs data signaled the frail state of the world's largest economy, offsetting possible gains from rising gold prices.

FACTORS TO WATCH

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

* U.S. stock index futures added to losses after labor market data underscored fears the economy is headed for another recession. [.N]

* European equities fell heavily as traders took risk off the table ahead of the key report on the U.S. labor market. [.EU] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.87 percent in early trade.

* Oil futures were weaker while gold prices traded stronger following the key U.S. non-farm payrolls data. [O/R][GOL/]

CANADIAN STOCKS TO WATCH   Continued...