UPDATE 1-CANADA STOCKS-TSX futures lower on trade, building permits data

Fri Mar 6, 2015 9:00am EST
 
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(Updates economic data)

March 6 (Reuters) - Stock futures pointed to a lower open for Canada's main stock index on Friday after building permits fell much more than expected in January and trade deficit more than doubled.

March futures on the S&P TSX index were down 0.01 percent at 8:30 a.m. ET.

The value of Canadian building permits issued in January fell by a much larger-than-expected 12.9 percent from December, Statistics Canada data indicated on Friday.

Canadian labor productivity fell 0.1 percent in the fourth quarter of 2014 after rising by 0.2 percent in the third quarter, Statistics Canada said on Friday.

Canada posted a larger-than-expected trade deficit of C$2.45 billion ($1.96 billion) in January from a revised C$1.22 billion deficit in December as slumping oil prices dragged down the value of exports, Statistics Canada data indicated.

Canada's main stock index rose in a broad but shallow rally on Thursday, led by a 5 percent jump in shares of Canadian Natural Resources Ltd after the major oil and gas producer surprised investors with strong quarterly results.

Dow Jones industrial average e-mini futures were down 0.01 percent at 8:30 a.m. ET, while S&P 500 e-mini futures were down 0.05 percent and Nasdaq 100 e-mini futures were up 0.01 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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