The economy is expected to have added 10,000 new jobs in February, as per a Reuters survey of analysts, compared with 150,000 job additions in the previous month. The data is due at 8:30 a.m. ET.
March futures on the S&P/TSX index were down 0.3% at 7:10 a.m. ET.
Traders also waited for U.S. February nonfarm payrolls data that could offer more clues about further monetary tightening from the Federal Reserve. [.N]
The Toronto Stock Exchange’s S&P/TSX composite index tumbled to its two-month low on Thursday with heavy-weight financials leading declines. (TO)
Oil prices fell for a fourth session and was heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States hitting fuel demand. [O/R]
Among company news, brokerage BMO downgraded oil services provider Shawcor to “market perform” from “outperform”.
COMMODITIES AT 7:10 a.m. ET
Gold futures: $1,838.3; +0.2% [GOL/]
US crude: $75; -0.9% [O/R]
Brent crude: $80.9; -0.7% [O/R]
U.S. ECONOMIC DATA DUE ON FRIDAY
February non-farm payrolls data due at 8:30 a.m. ET
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report (TO)
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1 = 1.3839 Canadian dollars)
Source: Economy - investing.com
