(Updates Canadian jobs data)
May 9 (Reuters) - Canadian stocks looked set to open lower on Friday following disappointing jobs data, with June futures on the S&P TSX index <0#SXF:> down 0.07 percent at 0845 ET.
Canada’s economy lost 28,900 jobs in April, Statistics Canada said in a report that revealed across-the-board weakness, confirming the labor market is stalled and adding jobs at a more sluggish pace than in the United States.
The index dropped on Thursday as investors took profits in energy stocks after a strong run-up.
Dow Jones Industrial Average futures were down 0.21 percent at 0845 ET, while S&P 500 futures were down 0.18 percent and Nasdaq 100 futures were down 0.41 percent.
TMX Group Ltd, the operator of the Toronto Stock Exchange, reported a 23 percent rise in first-quarter profit as a recovery in trading activity picked up speed.
Canadian Natural Resources Ltd, the country’s largest independent oil and gas producer, said on Thursday its first-quarter profit rose nearly three-fold on higher oil and natural gas prices as it boosted capital spending to develop newly acquired properties.
Mining financier Silver Wheaton Corp reported a 40 percent drop in profit for the first quarter, hurt by fall in metal prices.
COMMODITIES AT 0845 ET
Gold futures : $1,287.4; 0.00 pct
US crude : $100.57; +0.31 pct
Brent crude : $108.52; +0.44 pct
LME 3-month copper : $6,715.00; -0.21 pct
ANALYST RESEARCH HIGHLIGHTS
Calfrac Well Services : Canaccord Genuity raises target price to C$47 from C$44
Canadian Tire Corp : National Bank Financial, Canaccord Genuity up target price
Dorel Industries Inc : National Bank Financial raises target to C$42 from C$36
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 Wholesale inventories mm for March: Expected +0.5 pct prior +0.5 pct
1000 Wholesale sales mm for March: Expected +0.8 pct prior +0.7 pct
1030 ECRI weekly index: Prior +134
1030 ECRI weekly annualized: Prior +4.2 pct
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= $1.08 Canadian Reporting by Nikhil Kumar in Bangalore; Editing by Ted Kerr
Our Standards: The Thomson Reuters Trust Principles.