TSX Set for Higher Start After Jobs Data

The benchmark stock index looked set to open the Friday session with gains, following better-than-expected Canadian jobs report and the rise in oil and copper prices .

Stock futures for the September quarter on the S&P TSX index were up 0.3% recently.

Following two months of notable increases, employment was little changed in July (+11,000 or +0.1%), Statistics Canada reported. Analysts expected a 10,000 increase.

Meanwhile, oil and copper were both in the green, shrugging off dollar gain, which was fueled by economic data.

The TSX lost 73 points on Thursday, led lower by healthcare and energy.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

4 × one =