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CANADA STOCKS-Futures slip after dismal US, Canada jobs reports

Published 2017-10-06, 09:11 a/m
© Reuters.  CANADA STOCKS-Futures slip after dismal US, Canada jobs reports
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Oct 6 (Reuters) - Canada's main stock index futures slipped after data showed the economy added fewer jobs than expected last month, while the United States recorded its first decline in employment in seven years.

Statistics Canada data showed the addition of 10,000 jobs in September marked a slowdown from the previous month and fell short of forecasts for a gain of 14,500. nonfarm payrolls fell by 33,000 last month amid a record drop in employment in the leisure and hospitality sector. futures on the S&P TSX index SXFc1 were down 0.16 percent at 8:50 a.m. ET.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.18 percent at 9:10 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.23 percent and Nasdaq 100 e-mini futures NQc1 were down 0.38 percent. .N

Canada's benchmark stock index notched a seven-month high on Thursday, fueled by a rally in energy and mining stocks as commodity prices rose, but gains were tempered by a drop in the shares of Shopify Inc SHOP.TO for a second straight day. News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

Bombardier Inc 's BBDb.TO aerospace business spent $2.4 billion in the United States last year, tapping more than 800 suppliers in all but three U.S. states, according to a confidential Bombardier report seen by Reuters on Thursday. Asset Management Inc BAMa.TO has refrained from improving an original bid for Brazilian renewable power company Renova Energia SA RNEW11.SA , after due diligence proceedings showed liabilities that were unaccounted for, a person with direct knowledge of the situation said on Thursday. RESEARCH HIGHLIGHTS RCH/CA

Macdonald Dettwiler and Associates Ltd MDA.TO : CIBC raises price target to C$90 from C$83

Aritzia Inc ATZ.TO : Canaccord Genuity cuts price target to C$21 from C$23

COMMODITIES AT 8:50 a.m. ET COM/WRAP

Gold futures GCc1 : $1264.1; -0.46 percent GOL/

US crude CLc1 : $49.73; -2.09 percent O/R

Brent crude LCOc1 : $56.19; -1.42 percent O/R

LME 3-month copper CMCU3 : $6670; -0.45 percent MET/L

U.S. ECONOMIC DATA DUE ON FRIDAY

1000 Wholesale inventories, revised mm for Aug: Expected 1.0 pct; Prior 1.0 pct

1000 Wholesale sales mm for Aug: Expected 0.0 pct; Prior -0.1 pct

1500 Consumer credit for Aug: Expected 16.00 bln; Prior 18.50 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$1.26)

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