September futures on the S&P/TSX index were up 0.2% at 7:11 a.m. ET (1111 GMT).
The underlying benchmark index ended 0.5% lower on Tuesday, its lowest closing level in nearly two months.
Gold extended gains above the $1,900 level, drawing support from a retreat in U.S. bond yields as investors awaited clues on interest rates from policymakers at the Jackson Hole symposium. [GOL/]
Market participants will be tracking June retail sales data, due at 8:30 a.m. ET and expected to be flat after a 0.2% rise in May.
Traders are betting on a 73.07% chance for the BoC to keep interest rates unchanged at its September meeting..
Investors will also be looking out for the quarterly earnings of Canada's big banks due later this week.
Canada's big bank results are expected to highlight the challenges lenders are facing in setting aside more funds to cover potential bad loans in a tough economy that has led to a slowdown in deal-making and forced borrowers to rethink new mortgages.
Royal Bank of Canada and Toronto-Dominion Bank Bank will kick off the earning season on Thursday.
U.S. stock index futures also climbed with the spotlight firmly on chip designer Nvidia's quarterly results after markets close. [.N]
COMMODITIES AT 7:11 a.m. ET
Gold futures: $1,904.3; +0.3% [GOL/]
US crude: $78.5; -1.4% [O/R]
Brent crude: $82.91; -1.3% [O/R]
($1= C$1.3574)
(Reporting by Siddarth S in Bengaluru, Editing by Tasim Zahid)
