July 5 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday ahead of the release of a crucial U.S. jobs report, which could offer some guidance on the U.S. Federal Reserve's interest rate decision due later this month.
U.S. nonfarm payrolls probably increased by 160,000 jobs last month after rising by only 75,000 in May, according to a Reuters survey of economists. futures on the S&P/TSX index SXFc1 were down 0.15% at 7:00 a.m. ET.
Canada's employment data for June is due at 8:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 12.65 points, or 0.08 percent, to 16,588.85 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.11% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.15% and Nasdaq 100 e-mini futures NQc1 were down 0.15%. .N
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Norbord Inc OSB.TO : CIBC raises target price to C$35 from C$31
Hardwoods Distribution Inc HDI.TO : CIBC cuts target price to C$15 from C$16
Canfor Pulp Products Inc CFX.TO : CIBC cuts target price to C$13 from C$15
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,417.8; -0.22% GOL/
US crude CLc1 : $56.86; -0.84% O/R
Brent crude LCOc1 : $63.56; +0.39% O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Non-farm payrolls for June: Expected 160,000; Prior 75,000
0830 Private payrolls for June: Expected 153,000; Prior 90,000
0830 Manufacturing payrolls for June: Expected 0; Prior 3000
0830 Government payrolls for June: Prior -15,000
0830 Unemployment rate for June: Expected 3.6%; Prior 3.6%
0830 Average earnings mm for June: Expected 0.3%; Prior 0.2%
0830 Average earnings yy for June: Expected 3.2%; Prior 3.1%
0830 Average workweek hours for June: Expected 34.4 hrs; Prior 34.4 hrs
0830 Labor force participation for June: Prior 62.8%
0830 U6 underemployment for June: Prior 7.1%
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($1 = C$1.31)