CANADA STOCKS-TSX futures tick up ahead of key US labor-market data

By Reuters News

Oct 2 (Reuters) - Futures tied to Canada's blue-chip index edged higher on Friday, joining a global relief rally as bond-market volatility eased, while investors awaited key US jobs data that could shape expectations for the Federal Reserve's next policy move.

December futures on the S&P/TSX index were up 0.2% at 6:25 a.m. ET (1025 GMT).

  • Global shares rose as investors took comfort from calmer bond markets ahead of US nonfarm payrolls data

  • The benchmark 10-year Treasury yield retreated after touching its highest level since 2002 on Thursday, while the Canadian counterpart eased to 3.920%

  • Oil prices fell about 3% following reports of talks over additional diesel and crude stock releases, easing concerns about tight global energy supplies O/R

  • Gold prices were little changed, but remained on track for a second straight weekly decline as a stronger US dollar and elevated Treasury yields weighed GOL/

  • Canada's main stock index .GSPTSE closed at a 10-week low on Thursday and it was on track for weekly losses as the stalemate in the Middle East conflict clouded the inflation outlook and pushed global bond yields to multi-decade highs

  • The index snapped a winning streak of five months on Wednesday

  • Bank of Canada Senior Deputy Governor Carolyn Rogers said on Thursday restoring housing affordability will take time and require more housing supply, improved planning and infrastructure

  • Prime Minister Mark Carney said Canada will fast-track the approval process for a new proposed crude oil export pipeline to its West Coast

  • The pipeline is a crucial part of Carney's bid to diversify the economy away from the US

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