CANADA STOCKS-TSX futures rise as Fed rate cuts prospects continue to boost sentiment
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Futures for Canada's main stock index rose 0.16% as optimism continued following U.S. inflation data that bolstered expectations for a Federal Reserve rate cut in September. The S&P/TSX composite index reached a record high, with traders anticipating at least two rate reductions by the end of 2025. Gold and copper prices increased, while oil prices fell due to supply forecasts. The Bank of Canada is set to release a summary of its last policy decision, and Air Canada is seeking federal intervention in contract negotiations with its flight attendants' union.
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