Sept 19 (Reuters) - Futures tied to Canada's main stock

index ticked down on Friday following a record rally and a

quarter point interest rate cut by the Bank of Canada this week.

Futures for the S&P/TSX index were down 0.1% at

1,742.40 points by 06:10 ET (1010 GMT), a day after the TSX

closed at another record high.

The TSX has been on a record-setting run this year

and has gained over 19% year-to-date, outpacing the U.S. S&P 500

index's almost 13% rise.

The benchmark stock index's 12-month forward price-earning

ratio, a closely watched stock valuation metric, has climbed to

16.45, its highest level since May 2021, according to data from

LSEG Datastream.

The BoC reduced its key policy rate to a three-year low of

2.5% on Wednesday, saying it was prepared for further cuts if

risks to the economy rose in the coming months.

The U.S. Federal Reserve also lowered its rate on Wednesday

and indicated that it would steadily lower rates for the

remainder of the year, with projections showing two more cuts

for 2025.

Meanwhile, the BoC said that Canada should consider the

benefits of stablecoin regulation and wants federal and

provincial authorities to collaborate to help advance payment

regulatory frameworks.

In commodities, gold edged higher with investors

focused on U.S. policy path after the Fed action while copper

rebounded on improving demand in Canada. Oil prices

dropped.

Investors will look to July retail sales data slated for

later in the day for clues on consumer economic impact.

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