CANADA STOCKS-Futures gain as Chinese shares recover
Jan 8 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday after Chinese stocks recovered and oil prices retreated from multi-year lows.
March futures on the S&P TSX index were up 0.48 percent at 7:15 a.m. ET.
Data on employment change and building permits is due at 8:30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index slid on Thursday to its lowest level in nearly two-and-a-half years as investors worried about China's equities market and oil prices pushed ever lower.
Dow Jones Industrial Average e-mini futures were up 0.58 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.59 percent and Nasdaq 100 e-mini futures were up 0.77 percent.
The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases. Continued...