Oct 7 (Reuters) - Futures on Canada's main stock index were lower on Friday, as investors around the world awaited a U.S. jobs report that could influence the timing of the Federal Reserve's next rate hike.
December futures on the S&P TSX index SXFc1 were down 0.21 percent at 7:40 a.m. ET.
U.S. nonfarm payrolls, scheduled for 8:30 a.m. ET, is expected to show that 175,000 jobs were added in September, compared with the 151,000 increase in August.
Canada jobs report, also due at 8:30 a.m. ET, is expected to show that the economy added 10,000 jobs in September, keeping the unemployment rate at 7 percent.
Canada's main stock index edged lower on Thursday as gold miners' shares fell with the precious metal on increased expectations that U.S. interest rates will rise this year. Jones Industrial Average e-mini futures 1YMc1 were down 0.21 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.28 percent and Nasdaq 100 e-mini futures NQc1 were down 0.27 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Agrium Inc AGU.TO and Potash Corp of Saskatchewan POT.TO shareholders will hold separate meetings next month to vote on a merger agreement between the two fertilizer companies, they said in a filing on Thursday. major internet service providers must lower the wholesale rates they charge smaller rivals for access to their networks, the country's telecom regulator said on Thursday, saying it would protect consumer choice. Canadian court ruled on Thursday that a lawsuit filed against Nevsun Resources Ltd NSU.TO by Eritreans who say they were forced to work at the company's Bisha mine can proceed in British Columbia, but not as a single case, according to a copy of the judgment seen by Reuters. RESEARCH HIGHLIGHTS RCH/CA
Pengrowth Energy Corp PGF.TO : Canaccord Genuity raises target price to C$2.40 from C$2.15; rating "hold"
Sandvine Corp SVC.TO : Desjardins raises to "buy" from "hold"
Teck Resources Ltd TCKb.TO : Deutsche Bank (DE:DBKGn) raises to "buy" from "hold"
COMMODITIES AT 7:10 a.m. ET COM/WRAP
Gold futures GCc2 : $1,259.00; +0.61 pct GOL/
US crude CLc1 : $50.34; -0.02 pct O/R
Brent crude LCOc1 : $52.31; -0.38 pct O/R
LME 3-month copper CMCU3 : $4,761.00; +0.11 pct MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Non-Farm payrolls for September: Expected 175,000; Prior 151,000
0830 Private payrolls for September: Expected 170,000; Prior 126,000
0830 Manufacturing payrolls for September: Expected -5,000; Prior -14,000
0830 Government payrolls for September: Prior 25,000
0830 Unemployment rate for September: Expected 4.9 pct; Prior 4.9 pct
0830 Average earnings mm for September: Expected 0.2 pct; Prior 0.1 pct
0830 Average workweek hours for September: Expected 34.4 hrs; Prior 34.3 hrs
0830 Labor force participation for September: Prior 62.8 pct
0830 U6 underemployment for September: Prior 9.7 pct
1000 Wholesale inventory, Revised mm for August: Expected -0.1 pct; Prior -0.1 pct
1000 Wholesale sales mm for August: Expected 0.2 pct; Prior -0.4 pct
1030 ECRI Weekly Index: Prior 139.0
1030 ECRI weekly annualized: Prior 8.8 pct
1500 Consumer credit for August: Expected $16.50 bln; Prior $17.71 bln
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