March 17 (Reuters) - Futures tied to Canada's main stock

index dipped on Monday, tracking its Wall Street peers, while

investors looked towards the U.S. Federal Reserve's interest

rate decision later this week.

The S&P/TSX index futures were down 0.1% at 0647 ET

(1047 GMT).

The benchmark index logged its biggest daily

advance in seven months on Friday, tracking a market-wide rally.

However, investors doubted whether the selloff due to U.S. and

Canada's trade war had run its course.

Despite Friday's gains, the index ended 0.8% lower last

week.

Focus is now on the U.S. Fed's interest rate decision on

Wednesday. Traders widely expect the Fed to keep rates on hold,

but they will look for policymakers' comments about the central

bank's policy outlook amid concerns that economic growth could

be hit by the trade war.

U.S. stock index futures fell on Monday, a day after

Treasury Secretary Scott Bessent warned that there are "no

guarantees" the United States will escape a recession.

In commodities, oil rose on Monday after the U.S. vowed to

keep attacking Yemen's Houthis until the Iran-aligned group ends

its assaults on shipping.

Gold edged higher after it hit the $3,000 mark for the first

time last week, while copper prices also nudged up on the day.

Back home, Canada's consumer price index data for February

will grab attention on Tuesday. Annual inflation is expected to

inch up to 2.2%, just above the Bank of Canada's 2% target.

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($1 = 1.4354 Canadian dollars)