Jan 8 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Friday after Chinese stocks recovered and oil prices retreated from multi-year lows.
March futures on the S&P TSX index were up 0.48 percent at 7:15 a.m. ET.
Data on employment change and building permits is due at 8:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index slid on Thursday to its lowest level in nearly two-and-a-half years as investors worried about China’s equities market and oil prices pushed ever lower.
Dow Jones Industrial Average e-mini futures were up 0.58 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.59 percent and Nasdaq 100 e-mini futures were up 0.77 percent.
The Canadian dollar’s plunge to a 12-year low is seen boosting sales for the country’s retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.
TransCanada Corp faces a rocky legal path as it seeks to overturn President Barack Obama’s denial of its Keystone XL pipeline or at least recoup some of its lost investment in the multibillion dollar project.
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,099.30; -0.76 pct
US crude : $33.49; +0.66 pct
Brent crude : $34.06; +0.92 pct
LME 3-month copper : $4,508.50; -0.34 pct
Jean Coutu Group PJC Inc : BMO cuts target price to C$19 from C$20; rating “market perform”
Precision Drilling Corp : JP Morgan cuts target price to C$5 from C$6; rating “neutral”
Silver Wheaton Corp : CIBC raises rating to “sector outperformer” from “sector performer”
0830 Non-farm payrolls for Dec: Expected 200,000; Prior 211,000
0830 Private payrolls for Dec: Expected 195,000; Prior 197,000
0830 Manufacturing payrolls for Dec: Expected -1,000; Prior -1,000
0830 Government payrolls for Dec: Prior 14,000
0830 Unemployment rate for Dec: Expected 5.0 pct; Prior 5.0 pct
0830 Average earnings mm for Dec: Expected 0.2 pct; Prior 0.2 pct
0830 Average workweek hours for Dec: Expected 34.5 hrs; Prior 34.5 hrs
0830 Labor force participation for Dec: Prior 62.5 pct
0830 U6 Underemployment for Dec: Prior 9.9 pct
1000 Wholesale inventories mm for Nov: Expected -0.1 pct; Prior -0.1 pct
1000 Wholesale sales mm for Nov: Expected 0.0 pct; Prior 0.0 pct
1030 ECRI Weekly Index: Prior 130.9
1030 ECRI weekly annualized: Prior -0.9 pct
1500 Consumer credit for Nov: Expected $18.25 bln; Prior $15.98 bln
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.41) (Reporting by Nikhil Kumar in Bengaluru; Editing by Maju Samuel)