Sept 1 (Reuters) - Canada’s main stock index neared a record high on Wednesday as hopes of loose monetary policies and a steady economic rebound lifted demand for global equities.
At 9:32 a.m. ET (1332 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 52.54 points, or 0.26%, at 20,635.48.
The industrials index added 1.2% with Canadian Pacific Railway Ltd jumping 3.3% after the U.S. rail regulator rejected a voting trust structure that would have allowed rival Canadian National Railway Co to proceed with its $29 billion deal for U.S. peer Kansas City Southern .
Canadian Pacific has offered $25 billion for the U.S. railroad. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)
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