CANADA STOCKS-TSX futures tick lower despite strong jobs report

Fri Nov 7, 2014 9:00am EST
 
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(Updates with U.S. and Canadian economic data)

Nov 7 (Reuters) - Stock futures pointed to a slightly lower start for Canada's main stock index on Friday, despite a surprise jobs report.

Statistics Canada data indicated that the economy unexpectedly added 43,100 new jobs in October and the unemployment rate dropped to a near six-year low of 6.5 percent from 6.8 percent in September.

U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 percent, underscoring the economy's resilience in the face of slowing global demand.

December futures on the S&P TSX index were down 0.04 percent at 8.45 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 0.14 percent at 8.45 a.m. ET; while S&P 500 e-mini futures were up 0.17 percent and Nasdaq 100 e-mini futures were up 0.32 percent.

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

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