March 5 (Reuters) - Futures for Canada's main stock

index edged up on Tuesday, tracking a rise in gold prices, while

cautious investor sentiment ahead of the Bank of Canada's

interest rate decision and economic data in the United States

this week limited gains.

March futures on the S&P/TSX index were up 0.1% at

7:10 a.m. ET (1210 GMT).

Monthly figures on U.S. services sector and factory orders

data are due after the opening bell which could offer clarity on

the health of the country's economy.

Labor market reports in the U.S. are also scheduled through

the week, which could guide expectations on the timeline of

interest rate cuts by the Federal Reserve, alongside Fed Chair

Jerome Powell's congressional appearances.

Back home, the BoC is set to announce its next monetary

policy decision on Wednesday, where markets are widely expecting

the central bank to hold rates.

But money markets participants are pricing in about a 51%

chance of a 25-basis-point cut in June.

Materials-linked shares were on track to gain for the fourth

session as gold headed towards record highs, driven by mounting

hopes of the Fed's first interest rate cut in June.

Nonferrous metals, however, fell on a firmer dollar and

disappointment from the lack of fresh supportive measures from

China.

Oil also slipped as concerns over China's plan for growth

and uncertainty over the pace of U.S. interest rate cuts offset

the prospect of a tighter market due to continued OPEC+ supply

restraint.

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

ended lower on Monday, weighed by declines in energy

shares.

The Canada Energy Regulator said on Monday it had approved a

toll settlement between pipeline operator Enbridge ( ENB ) and

shippers for moving oil along the Canadian mainline.

COMMODITIES AT 7:10 a.m. ET

Gold futures: $2,132.8; +0.3%

US crude: $78.47; -0.3%

Brent crude: $82.66; -0.2%