CANADA STOCKS-TSX futures turn positive

Fri Aug 8, 2014 8:59am EDT
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(Adds U.S. and Canadian economic data)

Aug 8 (Reuters) - Canadian stocks were poised to open higher on Friday, with September futures on the S&P TSX index <0#SXF:> holding on to gains posted just before the release of key U.S. and Canadian economic data that suggested interest rates will stay low.

Canada's economy created just 200 jobs on a net basis in July, far fewer than analysts had expected.

U.S. nonfarm productivity, meanwhile, rebounded more strongly than expected in the second quarter, but a slowdown in unit labor costs pointed to still-tame wage pressures that could give the Federal Reserve room to keep rates low.

September TSX futures were up 0.08 percent at 0845 ET.

The index dropped on Thursday as worries about the escalating crisis in Ukraine fueled declines in most major sectors.

Dow Jones Industrial Average e-mini futures were up 0.18 percent at 0845 ET, while S&P 500 e-mini futures were up 0.29 percent. Nasdaq 100 e-mini futures were up 0.20 percent.

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