CANADA STOCKS-Toronto stocks near record high; Canadian Pacific jumps

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)