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CANADA STOCKS-TSX futures tick up; gold hits fresh record high
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CANADA STOCKS-TSX futures tick up; gold hits fresh record high
Sep 23, 2025 4:00 AM

Sept 23 (Reuters) - Futures tied to Canada's main stock

index edged higher on Tuesday, a day after gold miners lifted

the TSX to a fresh record high.

Futures for the S&P/TSX index added 0.2% to

1,774.40 points by 6:07 a.m. ET (1007 GMT), with the benchmark

index having been on a record rally this year.

Data showed on Monday that prices of raw materials fell 0.6%

in August, while producer prices rose 0.5%, driven by higher

prices of chemicals as well as meat, fish and poultry.

Meanwhile, Canada's banking regulator said it wants the

country's biggest financial institutions to take "smart" risks

to expand their lending and that it is open to capital rules

adjustments to facilitate that goal.

The Bank of Canada last Wednesday cut its benchmark interest

rate by a quarter point, focusing on a weakening labour market

and saying it was less worried about underlying inflationary

pressures.

Canada's top six banks, which control almost 90% of the

market, hold excess capital of about C$70 billion ($50.6

billion) combined, according to Reuters calculations, after

meeting the 11.5% requirement.

In corporate news, TD Bank named JPMorgan veteran

Jon Rasmussen as its U.S. chief compliance officer, according to

a memo seen by Reuters.

The Trump administration was re-evaluating Lithium Americas' ( LAC )

$2.3 billion loan for the development of a Nevada

lithium deposit, a Bloomberg report said. American-listed shares

of the company dropped almost 4% in premarket trading.

In commodities, gold hit a fresh record high on bets

of further U.S. rate cuts, while copper edged higher on

supply concerns. Oil prices rose.

($1 = 1.3822 Canadian dollars)

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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