Canada stocks were little changed on Friday after weak U.S. jobs data reduced the prospect of an interest rate hike by the Federal Reserve in the coming months.

Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the U.S. Labor Department said.

U.S. jobless rate fell three-tenths of a percentage point to 4.7 percent in May, the lowest since November 2007.

The S&P TSX index was up 15.09 points, or 0.11 per cent, to 14,152.08 in early trading.

The labor productivity of Canadian businesses grew by 0.4 per cent in the first quarter after recording no growth in the fourth quarter of 2015, Statistics Canada said.

Canada’s trade deficit in April narrowed to $2.94-billion from a record $3.18-billion in March as exports grew at a slightly faster rate than imports, according to another report.

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