India, Aug. 7 -- Canadian stocks are likely to open on a positive note on Friday, tracking firm precious metals prices and some encouraging earnings updates. Strong Canadian and U.S. jobs data may also significantly impact the mood.
Data from the Labor Department showed U.S. non-farm payroll employment dropped by 23,000 jobs in July. The economy was expected to add 70,000 jobs in July.
Meanwhile, the unemployment rate edged down to 4.1% in the month from 4.2% in June. The rate was expected to remain unchanged.
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