CANADA STOCKS-TSX looks set to open higher after strong U.S. jobs data

Fri May 2, 2014 8:50am EDT
 
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(Updates after U.S. jobs data)

May 2(Reuters) - Canadian stocks looked set for higher opening on Friday after better-than-expected U.S. monthly job numbers bolstered hopes of a strong rebound in economic activity in the second quarter.

U.S. job growth increased at its fastest pace in more than two years in April and the unemployment rate dived to a 5-1/2 year low of 6.3 percent.

June futures on the S&P TSX index <0#SXF:> were up 0.26 percent at 0845 ET.

The index edged higher on Thursday as gains in Manulife Financial Corp and Catamaran Corp helped to offset a decline in shares of Bombardier Inc after those companies reported results.

Dow Jones Industrial Average futures were up 0.02 percent at 0845 ET, while S&P 500 futures were up 0.24 percent and Nasdaq 100 futures were up 0.37 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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