CANADA STOCKS-TSX futures trade lower ahead of jobs report

Fri Nov 7, 2014 7:42am EST
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Nov 7 (Reuters) - Stock futures pointed to a modestly lower start for Canada's main stock index on Friday, as investors remained on the sidelines ahead of monthly jobs report.

U.S. employers probably added 231,000 jobs in October, according to a Reuters survey, a rate that would underscore the economy's resilience in the face of slowing global demand. The nonfarm payroll report will be released at 8:30 a.m. ET.

Statistics Canada is expected to report that the Canadian economy lost 5,000 jobs in October, pulling back from the surge in hiring seen in September, while the unemployment rate is forecast to hold steady at 6.8 percent. The report is due at 8:30 a.m. ET.

December futures on the S&P TSX index were down 0.13 percent at 7.30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index was little changed on Thursday as comments from the European Central Bank helped offset weakness in shares of SNC-Lavalin Group Inc after the company cut its profit forecast.

Dow Jones Industrial Average e-mini futures were up 0.08 percent at 7.30 a.m. ET; while S&P 500 e-mini futures were up 0.05 percent and Nasdaq 100 e-mini futures were up 0.20 percent.

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