May 27 (Reuters) - Futures for Canada's main stock index

moved higher on Monday, supported by higher commodity prices,

while investors awaited U.S., Canada inflation data for more

clues on the timing of interest rate cuts.

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

6:41 a.m. ET (10:41 GMT).

With the U.S. and UK markets closed for the day, trading

activity is likely to be light across the board.

Meanwhile, the energy and materials

index are expected to rise at open, owing to higher prices of

most commodities.

Investors braced for Canada's producer prices data for the

month of April, due Tuesday, along with country's first-quarter

GDP figures, scheduled for Friday.

The GDP data remains crucial ahead of Bank of Canada's June

5 monetary policy meeting, where traders expect the central

banks to initiate interest rate cut with a probability of 61%.

U.S. inflation data, also due on Friday, could help traders

assess the timing and numbers of possible rate cuts by the

Federal Reserve this year.

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

ended higher on Friday, after domestic inflation data

last week raised expectations for a June interest rate cut by

the Bank of Canada.

COMMODITIES AT 6:42 a.m. ET

Gold futures: $2,345.9; +0.5%

US crude: $78.13; +0.5%

Brent crude: $82.54; +0.5%

($1= C$1.3654)

(Reporting by Khushi Singh in Bengaluru)