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CANADA STOCKS-TSX futures slip after index hit record high on rate cut optimism
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CANADA STOCKS-TSX futures slip after index hit record high on rate cut optimism
Aug 25, 2025 3:52 AM

Aug 25 (Reuters) - Futures tracking Canada's main stock

index slipped on Monday after the index hit a record high in the

previous session, kicking off a week packed with economic data

and U.S. tech earnings.

The futures on the S&P/TSX index fell 0.26% by

05:38 a.m. ET (0938 GMT).

The S&P/TSX composite index closed at an

all-time high of 28333.13 on Friday after the U.S. Federal

Reserve Chair Jerome Powell's remarks left room for potential

interest rate cuts.

On Monday, oil prices steadied as traders fretted over

potential Russian supply disruptions by more U.S. sanctions and

Ukrainian attacks.

Gold slipped from a near two-week high as the dollar

strengthened, but rising U.S. rate cut bets limited the decline.

Powell at the Fed's annual Jackson Hole symposium on Friday

acknowledged the growing risks to the job market, while also

noting inflationary threats.

The Fed's preferred inflation gauge, the PCE deflator, due

on Friday, could allow it to monitor price pressures before

making a move next month.

Major brokerages, including Barclays, BNP Paribas and

Deutsche Bank, now expect a 25-basis-point rate cut in

September.

Chipmaker Nvidia's results on Wednesday could

determine the future of the tech-driven rally.

Other major U.S. data this week include weekly jobless

claims figures and second-quarter gross domestic product

estimates.

In Canada, second-quarter GDP numbers on Friday will be

watched to gauge the impact of tariffs on the economy.

In corporate news, many Air Canada ( ACDVF ) flight attendants

are unhappy with wage hikes in a tentative deal, which may fail

to secure union approval, Reuters reported on Friday, citing

cabin crew and a source familiar with the matter.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.3824 Canadian dollars)

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