Oct 7 (Reuters) - Futures tied to Canada's main stock

index retreated on Tuesday following the benchmark index's

record-setting rally, as precious metals and energy prices

pulled back from recent gains.

December futures on the S&P/TSX index were down

0.2% at 05:37 a.m. ET (0937 GMT).

The Toronto Stock Exchange's S&P/TSX composite index

had closed at an all-time high on Monday, extending

its winning streak to seven consecutive sessions, propelled by

positive momentum from Wall Street and strong performances in

the mining and technology sectors.

The commodity-heavy Canadian stock index had been riding the

wave of surging gold prices, which reached yet another

historic peak early on Tuesday before retreating.

Silver prices also declined, while oil prices

edged lower as investors weighed OPEC+'s

smaller-than-anticipated November production increase against

broader concerns about potential oversupply.

In corporate developments, the White House announced a

strategic $35.6 million investment in Canadian miner Trilogy

Metals ( TMQ ), giving the U.S. government a 10% ownership

stake with warrants to acquire an additional 7.5% interest. The

company's U.S.-listed shares surged 178% in premarket trading.

Meanwhile, on the diplomatic front, Canadian Prime Minister

Mark Carney is set to meet with U.S. President Donald Trump

later in the day to discuss pressing economic and security

matters as both nations review their North American trade

agreement.

With the U.S. government shutdown continuing and no fresh

economic data available, investors will focus on Federal Reserve

commentary from officials, including Vice Chair Michelle Bowman

and several regional Fed presidents.

Market participants will also closely monitor this week's

Canadian employment report, which will provide crucial insights

into the country's economic health and likely influence the Bank

of Canada's upcoming monetary policy decisions.

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