CANADA STOCKS-TSX set to open lower as jobs data disappoints
(Updates Canadian jobs data)
May 9 (Reuters) - Canadian stocks looked set to open lower on Friday following disappointing jobs data, with June futures on the S&P TSX index <0#SXF:> down 0.07 percent at 0845 ET.
Canada's economy lost 28,900 jobs in April, Statistics Canada said in a report that revealed across-the-board weakness, confirming the labor market is stalled and adding jobs at a more sluggish pace than in the United States.
The index dropped on Thursday as investors took profits in energy stocks after a strong run-up.
Dow Jones Industrial Average futures were down 0.21 percent at 0845 ET, while S&P 500 futures were down 0.18 percent and Nasdaq 100 futures were down 0.41 percent.
TMX Group Ltd, the operator of the Toronto Stock Exchange, reported a 23 percent rise in first-quarter profit as a recovery in trading activity picked up speed. Continued...