May 8 (Reuters) - Futures for Canada's main stock index

were subdued on Wednesday, as optimism for a sustained rally

following the index nearing a record high in the previous

session was contained by lower commodity prices.

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

6:45 a.m. ET (10:45 GMT).

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

ended 0.1% higher on Tuesday, extending its gains to a

fifth session. The index closed at its highest level in four

weeks.

The index began its rally after the U.S. Federal Reserve

left its key interest rate unchanged at its meeting last week,

but indicated that its next move will be to cut rates.

Data showing slowing U.S. job growth in April on Friday and

easing annual wage gains fueled expectations that the central

bank would commence its easing cycle in September, further

uplifting sentiment.

Wall Street futures were also muted on Wednesday after a

strong run of gains that pushed the benchmark S&P 500 to

over three-week highs.

On the commodities front, prices of both precious and base

metals fell on Wednesday as the dollar firmed, making the

commodities more expensive.

Oil prices fell by over $1 as industry data showed a pile-up

in crude and fuel inventories in the U.S., and cautious supply

expectations emerged ahead of an OPEC+ policy meeting next

month.

Data-wise, investors will look at employment data for April,

due later in the week in Canada, alongside a weekly report of

jobless claims due in the U.S.

In Canadian corporate news, second-largest oil producer

Suncor Energy ( SU ) beat first-quarter profit estimates on

Tuesday, boosted by strong demand for refined products and

record oil sands production.

COMMODITIES AT 6:45 a.m. ET

Gold futures: $2,323.5; flat

US crude: $77.54; -1.1%

Brent crude: $82.33; -1.0%