CANADA STOCKS-TSX futures edge lower on oil weakness

Nov 15 (Reuters) - Futures tied to Canada's main stock index fell on Friday, hurt by crude prices, while markets assessed Federal Reserve Chair Jerome Powell's comments that pointed to fewer U.S. interest-rate cuts next year.

December futures on the S&P/TSX index were down 0.17% at 6:05 a.m. ET (11:05 GMT).

The energy sector could mirror the lower oil prices that were set for weekly losses on worries about waning Chinese demand and expectations of fewer U.S. rate cuts.

Meanwhile, materials shares grabbed investor attention as gold prices steadied, poised for their worst week in three years, and copper prices nudged up, though still headed for their worst week in four months.

The composite index ended at a record high on Thursday, led by energy shares, logging its fourth consecutive session of gains.

Fed Chair Jerome Powell, in his address on Thursday, said there was no need to rush rate cuts, given the United States' strong economic growth, robust job market and inflation above the 2% target.

Powell's remarks reaffirmed market expectations for a slower pace of U.S. policy easing and tempered traders' bets for a quarter-point rate cut in December, odds for which stood at 63%.

Wall Street futures fell on Friday as Powell's remarks pushed up bond yields and weighed on rate-sensitive equities.

Among economic data, investors will now focus on U.S. import and export prices, domestic manufacturing sales and wholesale trade figures due later in the day.

In corporate news, space company MDA Space (MDALF) reported its third-quarter results and forecast annual revenue above estimates.

COMMODITIES

Gold: $2567.21; +0.04%

US crude: $68.00; -1.02%

Brent crude: $71.85; -0.98%

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Canadian markets directory ($1 = 1.4043 Canadian dollars) (Reporting by Nikhil Sharma; Editing by Shreya Biswas)