February 6, 2015 / 12:23 PM / 2 years ago

CANADA STOCKS-TSX set to open higher ahead of employment data

3 Min Read

Feb 6 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Friday ahead of employment data.

March futures on the S&P TSX index were up 0.17 percent at 7.15 a.m. ET.

Building permits and employment data is due at 8.30 a.m. ET

Canada's main stock index gained on Thursday as a 4-percent jump in crude oil prices helped energy stocks, while banks also contributed to a more positive tone.

Dow Jones Industrial Average e-mini futures were up 0.13 percent at 7.15 a.m. ET on Friday, while S&P 500 e-mini futures were up 0.12 percent and Nasdaq 100 e-mini futures were up 0.11 percent.

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

Top Stories

Royal Bank of Canada and Canadian Imperial Bank of Commerce, two of Canada's biggest banks, looked at buying U.S. lender Boston Private Bank & Trust Co, the Wall Street Journal reported, citing people familiar with the matter.

Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a U.S. congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's goals should drop out.

COMMODITIES AT 7.15 a.m. ET

Gold futures : $1,266.30; +0.44 pct

US crude : $52.09; +3.19 pct

Brent crude : $58.37; +3.18 pct

LME 3-month copper : $5,674; -0.8 pct

Analyst Research Highlights

BCE Inc. CIBC raises target price to C$58 from C$50

Canfor Pulp Products Inc. CIBC raises price target to C$20 from C$17.50

Firstservice Corp. CIBC raises target price to C$73 from C$62

u.s. Economic Data Due on Friday

0830 Non-Farm payrolls for Jan: Expected +234,000; Prior +252,000

0830 Private payrolls for Jan: Expected +225,000; Prior +240,000

0830 Manufacturing payrolls for Jan: Expected +12,000; Prior +17,000

0830 Unemployment rate for Jan: Expected +5.6 pct; Prior +5.6 pct

0830 Average earnings mm for Jan: Expected +0.3 pct; Prior -0.2 pct

0830 Average workweek for Jan: Expected +34.6 hrs; Prior +34.6 hrs

1500 Consumer credit for Dec: Expected +15.00 bln; Prior +14.08 bln

For Canadian Markets News, Click on Codes:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

$1= C$1.24 Reporting by Nandi Kaul in Bengaluru; Editing by Don Sebastian

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