April 29 (Reuters) - Futures for Canada's main stock

index were marginally higher in choppy trade on Tuesday, as

investors assessed Prime Minister Mark Carney-led Liberals'

victory in an election centred around the trade war with the

U.S.

June futures on the S&P/TSX index were up 0.2% at

7:21 a.m. ET (1121 GMT).

The main stock index had edged higher on Monday as investors

bet that the market will benefit from receiving greater clarity

on the nation's economic policies after the election results.

Liberals staged a major political comeback to retain power

in parliamentary elections with 168 seats, but did not secure

the outright majority of 172 that Carney had sought to negotiate

with Trump on tariffs threatening Canada's economy.

However, Carney, the first person to lead two G7 central

banks, has the experience to earn immediate international

credibility, experts say.

The Liberals' leader had promised a tough approach to

Washington's import tariffs and said Canada would need to spend

billions to reduce its reliance on the U.S.

Meanwhile, investors globally are also awaiting more clarity

on the state of U.S.-China trade negotiations.

Canada's auto parts suppliers may get a boost from reports

that Trump's administration may alleviate some duties imposed on

foreign parts in domestically manufactured cars.

In commodities, gold prices dropped on easing trade

tensions. But oil prices fell as tariff-related concerns

continued to dampen demand outlook.

Metals prices traded in a tight range in London.

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