December futures on the S&P/TSX index were up 0.3% at 7:00 a.m. ET (12:00 GMT), while their U.S. counterparts edged lower.

Data due at 8:30 a.m. ET is expected to show U.S. job growth likely picked up in November as thousands of automobile workers and actors returned after strikes, but the underlying trend will probably point to a cooling labor market.

On the commodities front, crude oil prices advanced after Saudi Arabia and Russia called for more OPEC+ members to join output cuts.

Gold prices were largely steady on Friday, while most base metals also rose.

The Toronto Stock Exchange's S&P/TSX composite index snapped a three-day losing streak in the previous session, backed by strong technology shares.

However, the benchmark Canadian index is eyeing weekly losses with energy on track to becoming the worst performing sector this week, while telecoms are set to be the best performing.

Among individual stocks to look out for, brokerage J.P. Morgan downgraded MEG Energy to "neutral" from "overweight".

J.P. Morgan upgraded Imperial Oil to "neutral" from "underweight".

Major central banks including the U.S. Federal Reserve, the European Central Bank and the Bank of England are scheduled to announce their decisions on monetary policy in the coming week.

The Bank of Canada (BoC) had held its key overnight rate at 5% earlier this week.


Gold futures: $2,036.7; flat [GOL/]

US crude: $70.55; +1.8% [O/R]

Brent crude: $75.37; +1.8% [O/R]

($1= C$1.3579)

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Tasim Zahid)