Futures tracking Canada's blue-chip stocks edged higher on Friday, supported by firmer gold prices after a weaker-than-expected U.S. jobs data tempered bets for a near-term Federal Reserve interest rate hike.

September futures on the S&P/TSX index (SXFcv1) were up 0.1% at 6:23 a.m. ET (1023 GMT).

  • Spot gold TVC:GOLD and silver BIST:XAGUSD1! rose 1.3% and 2.6%, respectively.

  • Data showed on Thursday U.S. nonfarm payrolls rose by 57,000 last month, below the 110,000 expected by economists in a Reuters poll.

  • Oil prices were steady as traders pinned hopes on diplomatic efforts to secure peace in the Middle East between the .

  • Canada's S&P/TSX Composite Index TSX:TSX ended higher on Thursday, as gains in mining stocks outweighed losses in financials and auto parts shares.

  • The benchmark index was on track for a weekly loss.

  • Separately, Toronto Regional Real Estate Board data showed Greater Toronto Area home sales rose for a fourth straight month in June, while prices also increased, continuing the market's recovery following a slow start to the year.

  • Among individual stocks, Australian miner BHP Group ASX:BHP has agreed to transfer its San Manuel property in Arizona to Faraday Copper Corp TSX:FDY in exchange for a 30% stake in the Canadian miner, as Faraday seeks to develop a copper hub around its adjacent Copper Creek project.

  • Canada's AtkinsRealis TSX:ATRL anticipates that Turkey will complete an early review of its CANDU reactors following an information exchange later this summer, which may lead to concrete talks for a nuclear plant bid, a top company official said.

  • Trading volumes are expected to be thin due to a U.S. public holiday.

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