Bay Street May Open On Weak Note; Canadian, U.S. Jobs Data In Focus

India, June 5 -- Canadian stocks are likely to open with a negative bias on Friday amid concerns over rising tensions in the Middle East, and on reports Hezbollah has rejected a new ceasefire agreement with Israel.

Investors will also be reacting to Canadian and U.S. jobs data for the month of May.

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Canadian employment data for the month of May is due at 8:30 AM ET.

Canada's employment edged down by 18,000 in April, following a gain of 14,000 in the prior month. The unemployment rate in the country increased to 6.9% in April from 6.7% a month earlier.

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