CANADA STOCKS-TSX futures track Wall Street losses amid US government shutdown

Reuters
2025/10/01
CANADA STOCKS-TSX futures track Wall Street losses amid US government shutdown

Oct 1 (Reuters) - Futures tied to Canada's main stock index were subdued on Wednesday, mirroring losses in Wall Street peers as a partial U.S. government shutdown threatened to delay key jobs data and potentially cloud the interest-rates outlook.

Futures on the S&P/TSX index SXFcv1 fell 0.07% to 1,771.50 points by 05:52 a.m. ET (0952 GMT).

The U.S. federal government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off a standoff could lead to the loss of thousands of federal jobs.

The shutdown, which independent analysts warn could last longer than the budget-related closures of the past, comes as markets pin hopes on a dovish Federal Reserve policy, following two straight quarters of equity gains in the U.S.

In commodities, gold prices rose to hit a new record high. Copper prices climbed slightly, while oil prices steadied.

In corporate news, Vancouver-based Lithium Americas LAC.TO said the U.S. Department of Energy has taken a 5% stake in the company, along with a separate 5% stake in its Thacker Pass lithium project joint venture with General Motors GM.N.

The TSX hit a record high on Tuesday and ended the third quarter stronger, as holiday-affected markets digested U.S. tariff news and updates from Imperial Oil and TD Bank.

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(Reporting by Sanchayaita Roy in Bengaluru; Editing by Shreya Biswas)

((Sanchayaita.Roy@thomsonreuters.com;))

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