TSX futures flat ahead of September jobs data

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(Reuters) – Futures for Canada’s main stock index were little changed on Friday ahead of September jobs data, as investors waited for cues on the pace of economic recovery against the backdrop of rising inflation.

Domestic employment rate data for September is due at 08:30 a.m. ET. The country is expected to have added 65,000 jobs during the month, compared with 90,200 jobs added in August, according to a Reuters poll.

December futures on the S&P/TSX index were flat at 7:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index ended 1.1% higher in its biggest daily gain in four months at 20,416.21 on Thursday. [.TO]

Dow Jones Industrial Average e-mini futures were up 0.1% as of 7:00 a.m. ET, while S&P 500 e-mini futures and Nasdaq 100 e-mini futures were flat.[.N]

TOP STORIES [TOP/CAN]

Britain’s Royal Mail’s GLS parcel service is to buy Canada’s Rosenau Transport for C$360 million ($287 million).

U.S.-listed pot company Sundial Growers will buy Canadian alcohol retailer Alcanna Inc for about $346 million.

The factors influencing Canada’s red-hot inflation are proving more persistent than expected, but there are “good reasons to believe” they remain temporary, Bank of Canada Governor Tiff Macklem said on Thursday.

ANALYST RESEARCH HIGHLIGHTS [RCH/CA]

Alcanna Inc: CIBC raises target price to C$8.75 from C$7.50

Neighbourly Pharmacy Inc: National Bank of Canada ups PT to C$33.50 from C$32

Richelieu Hardware Ltd: National Bank of Canada raises PT to C$48 from C$44.50

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,759.2; +0.03% [GOL/]

US crude: $78.82; +0.66% [O/R]

Brent crude: $82.44; +0.6% [O/R]

U.S. ECONOMIC DATA DUE ON FRIDAY

September non-farm payrolls and unemployment data due at 8:30 am 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= C$1.25)

(Reporting by Shashank Nayar in Bengaluru; Editing by Anil D’Silva)

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