05-02-2016 15:07 via news.yahoo.com

Weak jobs report drags futures lower

(Reuters) - Canada's main stock index futures turned lower on Friday after weak jobs report underlined the economy's struggle to cope with the effects of low oil prices. Statistics Canada said 5,700 jobs were lost in January and the unemployment rate edged up to a two-year high of 7.2 percent as more people entered the work force. March futures on the S&P TSX index were down 0.28 percent at 8:55 a.m. ET. Other data showed Canada's trade deficit unexpectedly shrank to C$585 million ($427 mill
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