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CANADA STOCKS-TSX futures flat ahead of BoC, Fed policy decisions

ReutersSep 17, 2025 10:27 AM

- Futures tied to Canada's main stock index were subdued on Wednesday, as markets awaited crucial monetary policy decisions from the Bank of Canada and the U.S. Federal Reserve.

Futures for the S&P/TSX index .SXFcv1 were flat at 1,733.40 points by 06:11 ET (1011 GMT), coming down from recent record highs.

The BoC and the Fed are widely expected to resume their rate-reducing cycle, with recent data pointing to weakening labor markets and slowing economic growth in both countries.

Inflation data on Tuesday showed Canada's consumer prices increased by 1.9% for August, below economists' estimate of 2%, further fuelling the expectations of a rate cut.

Meanwhile, Finance Minister Francois-Philippe Champagne said in a social media post the country's upcoming federal budget would be delayed to November 4 from a previously announced October delivery.

Prime Minister Mark Carney had said the 2025/26 budget deficit would be larger than that of last year, partly due to the impact from U.S. tariffs.

In commodities, gold XAU= paused its record rally on a firmer dollar and profit-taking, with the attention on the Fed's rate verdict. Copper CMCU3 fell on slow China demand, while oil LCOc1, CLc1 eased from the previous session's gains.

Air Canada said its flight attendants had requested a cancellation of mediation after members voted against a wage agreement earlier this month.

The S&P/TSX composite index .GSPTSE pulled back from its record-setting run on Tuesday, dragged by metal mining and consumer-related shares.

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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