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 SXFc1 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 ECONCA .
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 1YMc1 were up
0.58 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
Esc1 were up 0.59 percent and Nasdaq 100 e-mini futures NQc1
were up 0.77 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
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 TRP.TO 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. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,099.30; -0.76 pct GOL/
US crude CLc1 : $33.49; +0.66 pct O/R
Brent crude LCOc1 : $34.06; +0.92 pct O/R
LME 3-month copper CMCU3 : $4,508.50; -0.34 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Jean Coutu Group PJC Inc PJCa.TO : BMO cuts target price to
C$19 from C$20; rating "market perform"
Precision Drilling Corp PD.TO : JP Morgan cuts target price
to C$5 from C$6; rating "neutral"
Silver Wheaton Corp SLW.TO : CIBC raises rating to "sector
outperformer" from "sector performer"
U.S. ECONOMIC DATA DUE ON FRIDAY
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
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1
EPOLL/CA
Canadian markets directory CANADA
($1= C$1.41)