CANADA STOCKS-TSX futures edge higher with Fed, BoC open to further rate cuts

Sept 18 (Reuters) - Futures tied to Canada's main stock index inched up on Thursday, as the Bank of Canada and the U.S. Federal Reserve left the door open for further rate cuts this year after making a quarter-point reduction on Wednesday.

Futures for the S&P/TSX index .SXFcv1 rose 0.3% to 1,740.60 points by 07:00 ET (1100 GMT), a day after the benchmark index hit an intraday record high.

The BoC reduced its key policy rate to a three-year low of 2.5% after six months, saying it was prepared for further cuts if risks to the economy rose in the coming months.

Similarly, the Fed indicated that it would steadily lower rates for the remainder of the year, with projections showing two more cuts for 2025.

Meanwhile, Canadian Prime Minister Mark Carney arrived in Mexico City on Thursday in an attempt to improve recently strained ties with Mexico and seek a common front in crucial trade talks with the U.S.

Carney's trip will be the first bilateral visit by a Canadian prime minister to the country in eight years.

In commodities, gold XAU= and copper CMCU3 retreated on a stronger dollar. Oil prices LCOc1, CLc1 edged lower as markets weighed the Fed rate cut against worries over the U.S. economy.

The TSX index ended higher on Wednesday, boosted by consumer discretionary shares and market optimism over rate cuts.

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