Sept 12 (Reuters) - Futures tied to Canada's main stock
index edged lower on Friday as investors paused after two weeks
of record rallies and turned their focus to a potential
interest-rate cut by the Bank of Canada next week.
Futures on the S&P/TSX index SXFcv1 fell 0.1% to 1,737
points by 06:26 a.m. ET (1026 GMT).
The benchmark index on Thursday notched another record high
as U.S. data supported bets on interest-rate cuts by the Federal
Reserve.
U.S. consumer prices rose more than expected in August, but
a surge in first-time applications for unemployment aid last
week kept the Fed on track to cut interest rates next Wednesday.
The odds that the BoC will also resume its easing cycle on
September 17 rose after data released last Friday showed that
Canada's economy shed 65,500 jobs in August, while the
unemployment rate climbed to 7.1%.
Additionally, Canadian Prime Minister Mark Carney's
announcement of five major projects aimed at diversifying the
economy and reducing reliance on the U.S., as tariffs take a
toll, contributed to Thursday's gains.
The projects will be eligible for fast-track approvals as
part of a broader campaign.
In commodities, gold prices rose and copper futures were
headed for a weekly rise on Friday, while oil prices steadied.
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