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CANADA STOCKS-TSX futures edge higher before economic data

ReutersSep 4, 2025 11:19 AM
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- Futures tied to Canada's main stock index inched up on Thursday as investors awaited key employment data that could influence the Bank of Canada's September interest-rate decision.

Futures on the S&P/TSX index SXFcv1 gained 0.4% to 1,710.90 points by 06:17 a.m. ET (1017 GMT). The benchmark index rose to another record high on Wednesday.

Both Canada and the U.S. are due to release employment reports for August on Friday. Economists forecast that Canada's economy added 10,000 jobs and the country's unemployment rate rose to 7% from 6.9% a month earlier.

The data follow last week's GDP report that showed Canada's economy contracted more than expected in the second quarter, prompting markets to expect that the BoC may move to cut interest rates.

Money markets see a 68.5% chance of a 25-basis-point interest-rate cut at the September 17 meeting. The benchmark rate is at 2.75%. 0#CADIRPR

Investors will also watch U.S. President Donald Trump's nominee, economic advisor Stephen Miran, testify in a Senate confirmation hearing on Thursday to fill Fed Governor Adriana Kugler's seat, which she resigned from last month.

In commodities, oil and gold prices declined while copper prices retreated across major exchanges on Thursday.

Separate data showed that Greater Toronto Area home sales fell for the first time in five months in August and prices edged lower.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

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