CANADA STOCKS-TSX futures inch up as investors await US economic data

Nov 25 (Reuters) - Futures linked to Canada's main stock index edged higher on Tuesday, building on the previous session's rise as investors awaited key U.S. economic data releases.

Futures on the S&P/TSX Composite Index were 0.2% higher as of 06:44 a.m. ET.

Technology and mining stocks helped lift the Canadian benchmark S&P/TSX composite index to a 12-day high on Monday on optimism over a potential Federal Reserve interest rate cut in December.

The odds of a rate cut have strengthened after Fed Governor Christopher Waller said on Monday that recent data indicated the U.S. job market remained weak enough to warrant a December cut. These remarks followed similar comments from New York Fed President John Williams.

Markets are now pricing in about a 73% chance of a quarter-point cut in December, according to CME's FedWatch Tool, up from less than 50% just one week ago.

Later in the day, investors will monitor delayed U.S. data releases on retail sales, producer price inflation and consumer confidence, though analysts suggest these figures may not alter expectations regarding the Fed's decision.

In commodity markets, oil prices declined as concerns about potential oversupply next year outweighed worries that Russian shipments will remain under sanctions while Ukraine peace prospects remain uncertain. Gold pulled back from its one-week peak as the dollar held steady.

On the trade front, Canada and India are close to finalizing a uranium export agreement in a deal valued at about US$2.8 billion, the Globe and Mail reported on Monday.

In company news, Barrick Gold has agreed to a 244 billion CFA francs (US$430 million) settlement with Mali to resolve all disputes over the Loulo-Gounkoto gold mining complex, Bloomberg News reported.

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Canadian markets directory ($1 = 566.0000 CFA francs) (Reporting by Avinash P in Bengaluru; Editing by Sahal Muhammed)