March 5 (Reuters) - Futures for Canada's main stock index rose on Friday, as a rally in crude prices outweighed weakness in bullion and concerns over rising inflation and higher treasury yields.
Oil prices jumped more than 2%, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April. Gold declined to a near nine-month low and was set for a third straight weekly decline, as the dollar and bond yields rose after Federal Reserve Chair Jerome Powell's remarks that the rise in yields were not "disorderly". futures on the S&P/TSX index SXFc1 were up 0.47% at 7:00 a.m. ET.
Canada's trade data for January is due at 08:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 1.07% lower at 18,125.25 on Thursday.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.25% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.23% and Nasdaq 100 e-mini futures NQc1 were up 0.1%. .N
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Equinox Gold Corp EQX.TO : TD Securities cuts price target to C$20 from C$22
Granite REIT GRT_u.TO : CIBC raises price target to C$85 from C$83
Kinaxis Inc KXS.TO : CIBC cuts price target to C$200 from C$288
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1692.7; -0.47% GOL/
US crude CLc1 : $65.47; +2.57% O/R
Brent crude LCOc1 : $68.58; +2.76% O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Non-farm payrolls for Feb: Expected 182,000; Prior 49,000
0830 Private payrolls for Feb: Expected 210,000; Prior 6,000
0830 Manufacturing payrolls for Feb: Expected 18,000; Prior -10,000
0830 Government payrolls for Feb: Prior 43,000
0830 Unemployment rate for Feb: Expected 6.3%; Prior 6.3%
0830 Average earnings mm for Feb: Expected 0.2%; Prior 0.2%
0830 Average earnings yy for Feb: Expected 5.3%; Prior 5.4%
0830 Average workweek hours for Feb: Expected 34.9 hrs; Prior 35.0 hrs
0830 Labor force partic for Feb: Prior 61.4%
0830 U6 underemployment for Feb: Prior 11.1%
0830 International trade for Jan: Expected -$67.5 bln; Prior -$66.6 bln
0830 Goods trade balance (R) for Jan: Prior -83.74 bln
1500 Consumer credit for Jan: Expected 12.00 bln; Prior 9.73 bln
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