(Updates after jobs data)
April 8 (Reuters) - Canadian stock futures rose on Friday after data showed Canada added far more jobs than expected last month, bringing the unemployment rate down from a three-year high.
Data from Statistics Canada showed the economy created 40,600 jobs in March, far surpassing economists’ expectations for 10,000. The unemployment rate declined to 7.1 percent, its lowest level since December.
June futures on the S&P TSX index were up 0.81 percent at 9:00 a.m. ET. They were up 0.5 percent at 7:30 a.m.
Canada’s main stock index fell to a one-month low on Thursday as lower oil prices weighed on energy stocks, while financials and consumer discretionary stocks also lost ground as investor appetite for risk waned globally.
Dow Jones Industrial Average e-mini futures were up 0.68 percent at 9:00 a.m. ET, while S&P 500 e-mini futures were up 0.80 percent and Nasdaq 100 e-mini futures were up 0.79 percent.
TransCanada Corp said on Thursday about 400 barrels could have spilled in South Dakota from its 590,000 barrel-per-day Keystone crude oil pipeline.
Fairfax India Holdings Corp, part of Canadian billionaire Prem Watsa’s Fairfax Holdings, said it would invest $300 million in privately held Indian petrochemical company Sanmar Chemicals Group through a combination of equity and fixed-income securities.
COMMODITIES AT 9:00 a.m. ET
Gold futures : $1,234.00; -0.18 pct
US crude : $39.31; +5.50 pct
Brent crude : $41.26; +4.62 pct
LME 3-month copper : $4663.5; +0.27 pct
ANALYST RESEARCH HIGHLIGHTS
Great-West Lifeco Inc : Barclays raises target price to C$36 from C$35
Cenovus Energy Inc : Barclays raises target price to C$18 from C$17
Husky Energy Inc : Barclays raises target price to C$21 from C$17
Manulife Financial Corp : Barclays cuts target price to C$21 from C$22
Sun Life Financial Inc : Barclays raises target price to C$45 from C$44
Suncor Energy Inc : Barclays raises target price to C$43 from C$40
First Quantum Minerals : NBF cuts target price to C$9.50 from C$11
Imperial Oil Ltd : Barclays raises target price to C$45 from C$43
Lundin Mining Corp : National Bank Financial cuts target to C$4.75 from C$5.25
Teck Resources Ltd : Nomura raises target price to C$8.50 from C$6
Air Canada : CIBC cuts target price to C$12 from C$15
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 Wholesale inventories mm for Feb: Expected -0.1 pct; Prior 0.2 pct
1000 Wholesale sales mm for Feb: Expected 0.0 pct; Prior -1.7 pct
1030 ECRI Weekly Index: Prior 133.0
1030 ECRI weekly annualized: Prior 0.7 pct
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1 = C$1.31)
Reporting by Anjali James in Bengaluru; Editing by Anupama Dwivedi
Our Standards: The Thomson Reuters Trust Principles.