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CANADA STOCKS-TSX futures slip as investors assess Fed growth outlook
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CANADA STOCKS-TSX futures slip as investors assess Fed growth outlook
Mar 20, 2025 4:50 AM

March 20 (Reuters) - Futures tied to Canada's main stock

index fell on Thursday, taking cues from Wall Street, as

investors gauged the U.S. Federal Reserve's growth projections

amid uncertainties due to a global trade war.

The futures on the S&P/TSX index were down 0.21% at

0640 ET (1040 GMT), while Wall Street's S&P 500 E-minis

fell 0.7%.

Political developments in Canada also took center stage on

Thursday after the Globe and Mail reported that the

newly-appointed Prime Minister, Mark Carney, is expected to call

a snap election for April 28.

Toronto's benchmark index logged its biggest jump

in over seven months on Wednesday after the Fed provided a less

hawkish outlook than some investors had feared.

The U.S. central bank kept its interest rates on hold and

projected two more quarter-point cuts by the end of this year.

The policymakers, however, lowered their economic growth

outlook for this year and raised inflation projections as they

assessed uncertainty from U.S. trade tariffs.

In commodities, oil prices rose on Thursday, boosted by a

weaker U.S. dollar and a strong outlook for demand in the United

States after fuel inventories fell more than expected.

Gold prices were steady after touching another record high

earlier in the session, while copper prices were hovering near

their highest levels in more than five months.

In corporate news, potential buyers of Japan's Seven & i ( SVNDF )

and Canada's Alimentation Couche-Tard's ( ANCTF ) U.S.

stores have until the end of March to express interest and

address antitrust concerns, Bloomberg News reported.

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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