Oct 22 (Reuters) - Futures linked to Canada's

resource-heavy main stock index fell on Wednesday following a

sharp decline in the previous session, pressured by ongoing

weakness in metal prices and uncertainty surrounding trade and

geopolitical issues.

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

0.3% at 05:54 a.m. ET (0954 GMT).

The Toronto Stock Exchange's composite index

posted its biggest decline since April on Tuesday as gold prices

pulled back sharply and hotter-than-expected inflation

data diminished expectations for an imminent Bank of Canada

interest rate cut.

The precious metal tumbled more than 5% in the previous

session and continued to decline on Wednesday, falling 1.4%,

while silver prices also dropped 1%.

Similarly, Shanghai copper prices retreated as trader

enthusiasm waned due to weak Chinese demand and a strengthening

U.S. dollar.

Oil prices,, on the other hand, pushed higher

for a second day, buoyed by sanctions-related supply risks and

hopes of a U.S.-China trade deal.

Geopolitics loomed large over global markets after a planned

summit between U.S. President Donald Trump and Russian President

Vladimir Putin was put on hold and ambiguity lingered over a

potential meeting between Trump and Chinese President Xi

Jinping.

Despite Washington and Beijing striking a more conciliatory

tone in recent times, Trump added to the uncertainty over the

meeting on Tuesday, saying that "maybe it won't happen".

Market participants now await Friday's release of the U.S.

consumer price index - a critical inflation indicator that could

provide insights into monetary policy trajectory of the Federal

Reserve.

Additionally, Canadian retail sales figures, due on

Thursday, will offer a glimpse into domestic consumer spending

patterns.

In corporate news, miner Teck Resources ( TECK ) beat

third-quarter profit estimates on Wednesday, helped by higher

copper and zinc prices.

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