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TSX futures increase, Fed Chair Powell's speech prepared for

Futures linked to Canada's main stock index increased on Friday as crude and metal rates gained, while investors awaited U.S. Federal Reserve Chair Jerome Powell's. address later in the day.

September futures on the S&P/ TSX index were up 0.6%. at 6:26 a.m. ET (10:26 GMT).

The energy sector is anticipated to be in focus as oil prices. edged higher, though poised to sign up a weekly loss.

The products sector is most likely to be impacted as gold prices. inched up, while copper rates likewise got.

Investors will follow Powell's commentary at the Jackson. Hole Economic Symposium at 10:00? a.m. ET for clues on the U.S. interest-rate reducing cycle, especially after current dovish. comments from policymakers backing decrease in borrowing expenses.

After seeing the U.S. policy rates at 5.25% to 5.50% for. over a year, market individuals extensively expect a 25-basis points. decrease at the Fed's meeting next month.

In Canada, retail sales numbers expected at 8:30 a.m. ET. might strengthen the possibility of a third successive rate cut by. the Bank of Canada, following this week's information that revealed. annual inflation at a 40-month low.

On the other hand, major Canadian banks are set to report their. quarterly numbers next week.

The S&P/ TSX composite index ended lower on. Thursday, after publishing a record closing high in the previous. session.

In corporate news, the Teamsters union stated workers at. Canadian National Railway will go back to work after the. federal government transferred to end the lockout that threatened the economy.

However, work blockage at Canadian Pacific Kansas City. is expected to continue.

COMMODITIES

Gold: $2,497.42; +0.57%

US crude: $73.68; +0.92%

Brent crude: $77.83; +0.79%

FOR CANADIAN MARKETS NEWS, CLICK CODES:

TSX market report

Canadian dollar and bonds report

Reuters worldwide stocks survey for Canada

Canadian markets directory.

(source: Reuters)