Feb 10 (Reuters) - Futures tracking Canada's main stock index were steady on Tuesday, with traders reluctant to make big bets as focus turned to key U.S. economic data due later in the week.
March futures on S&P/TSX Composite Index were up 0.09% as of 5:46 a.m. ET.
Toronto's resources-heavy benchmark index rose the most in six months on Monday, up 1.7%, as mining shares extended gains on the back of strength in precious metals and tech stocks recovered from the previous week's AI-sparked selloff.
Precious-metal prices slipped on Tuesday, with spot gold down 0.21% and silver dropping 1.2% following upbeat sentiment for global equities.
All eyes were on U.S. jobs data for January due on Wednesday and inflation data due on Friday for cues on the Federal Reserve's policy path.
Traders are pricing in 58 basis points worth of rate cuts this year, according to data compiled by LSEG.
Oil prices struggled to find direction after a more than 1% rise in the previous session.
Traders have been focusing on potential supply disruptions after U.S. guidance for vessels transiting the Strait of Hormuz kept attention squarely on tensions between Washington and Tehran.
Brent crude futures and U.S. West Texas Intermediate crude were largely flat.
In corporate news, Bank of Montreal named Catherine Blaesing and Jerome Doucet as co-heads of global corporate banking within the capital markets team.
Silvercorp Metals reported results after the bell on Monday, with third-quarter adjusted profit more than doubling from a year earlier.
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(Reporting by Utkarsh Tushar Hathi; Editing by Shreya Biswas)
