Sept 3 (Reuters) - Futures tied to Canada's main stock
index was flat on Wednesday as investors stayed cautious ahead
of key economic data that could shape the Bank of Canada's
interest rate decision later this month.
Futures on the S&P/TSX index gained 0.01% to
1,696.30 points by 06:50 a.m. ET (1050 GMT). The benchmark index
edged up to a record high on Tuesday.
Investors will closely watch Canada's unemployment data due
on Friday for potential signals that could guide the central
bank's rate-cut path later this month.
The BoC has kept rates steady at 2.75% at its last three
meetings since March.
Data showed on Tuesday, Canada's manufacturing sector
contracted in August for the seventh straight month as U.S.
tariffs weighed on export demand.
Meanwhile, Wall Street closed sharply lower in the first
trading session of September as investors weighed a court ruling
suggesting most of U.S. President Donald Trump's tariffs may be
illegal, while a spike in longer-dated Treasury yields pressured
equities.
In commodities, gold surged to a fresh record high and
copper prices were steady, while oil prices fell by more than 1%
on Wednesday.
In corporate news, Canadian oil and gas producer Strathcona
Resources ( STHRF ) said it has purchased additional 6.66 million
common shares of rival MEG Energy ( MEGEF ) for about C$190.8
million ($138.09 million).
Focus will also be on U.S. job openings data for July later
in the day.
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