Sept 4 (Reuters) - 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 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.
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