* TSX futures down 0.1%

* Oil slips about 1%, gold climbs

June 4 (Reuters) - Canada stock futures dipped on

Thursday, as oil prices eased after a ceasefire deal between

Israel and Lebanon, while investors looked ahead to a key

payrolls report on Friday.

June futures on the S&P/TSX index were down 0.1% at

6:23 a.m. ET (1023 GMT).

* Israel and Lebanon agreed to a ceasefire, raising hopes

for a de-escalation between Washington and Tehran, even as Iran

struck Kuwait and U.S. forces hit near the Strait of Hormuz,

underscoring continuing tensions in the months-long conflict.

* Oil prices slipped about 1% following the news.

* Spot gold and silver rose 0.7% and 0.9%,

respectively, supported by a weaker dollar and easing concerns

over inflation and interest rate hikes.

* Focus will be on Friday's domestic and U.S. payrolls

reports for clues on the health of the labor market.

* Canada's benchmark S&P/TSX Composite Index on

Wednesday pulled back from record highs, with technology and

metal-mining shares leading declines.

* Meanwhile, Canada's services economy expanded at a modest

pace in May as the Middle East conflict raised economic

uncertainty and higher fuel prices contributed to the fastest

increase in operating costs in four years, S&P ‌Global's Canada

services PMI data showed on Wednesday.

* Canada will extend steel tariff-rate quotas and tariff

relief on certain U.S. steel and aluminum imports by one year,

Finance Minister François-Philippe Champagne said on Wednesday,

citing the need to shield workers from global excess capacity

and give the industry longer-term certainty.

* Canadian power producer TransAlta Corp ( TAC ) said on

Wednesday it will acquire two natural gas-fired peaking

facilities near Denver, Colorado, from Blackstone for

about $1 billion, strengthening its presence in the Western U.S.

power market.

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