CANADA STOCKS-TSX futures muted after record rally in September

Reuters
Sep 25
CANADA STOCKS-TSX futures muted after record rally in September

Sept 25 (Reuters) - Futures linked to Canada's main stock index were subdued on Thursday, after the index pulled back from recent record highs and investors took a breather as the end of the quarter approached.

Futures for the S&P/TSX index .SXFcv1 were flat at 1,760.60 points by 6:33 a.m. ET (1033 GMT), after two straight sessions of declines.

However, the benchmark index was still on track for a 10.8% gain for the third quarter, which would be its fifth straight quarterly advance.

Meanwhile, Canada planned to create duty-free access for up to 95% of its exports to Indonesia over the next eight to 12 months, the International Trade Minister said, as Canada attempts to diversify its trading partners.

In corporate news, Lithium Americas' LAC.TO, LAC.N U.S.-listed shares rose 24% premarket, having jumped more than 90% in the previous session, after Reuters reported that the Trump administration was seeking up to a 10% stake in the company.

Air Canada AC.TO said it expected a hit of C$375 million ($269.82 million) to its operating income from labour disruptions, after its flight attendants went on a four-day strike in August.

In commodities, gold XAU= rose on safe-haven demand, while copper CMCU3 hit a fresh 15-month high amid supply fears. Oil prices LCOc1, CLc1 edged lower.

On the slate for the day are the commentary from U.S. Federal Reserve officials and results from cybersecurity firm BlackBerry BB.TO.

Investors will also await Friday's domestic GDP data and U.S. Personal Consumption Expenditures Index, the Fed's preferred inflation gauge, for hints on monetary policy on both sides of the border.

($1 = 1.3898 Canadian dollars)

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

(Reporting by Twesha Dikshit; Editing by Shreya Biswas)

((Twesha.Dikshit@thomsonreuters.com;))

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