Sept 24 (Reuters) - Futures tied to Canada's

resource-heavy main stock index inched higher on Tuesday as

commodity prices across the world got a boost from fresh

monetary stimulus in major consumer China.

December futures on the S&P/TSX index were up 0.4%

at 6:04 a.m. ET (10:04 GMT).

Global markets jumped after China's central bank unveiled

its biggest stimulus since the pandemic to pull the economy out

of its deflationary funk and steer it towards the government's

growth target.

Canada's energy sector could benefit from a jump in oil

prices that was driven by China's monetary stimulus, signs of

supply disruption due to the conflict in the Middle East and

concerns over another hurricane threatening supply in the U.S.

The materials sector is also likely to get a boost from gold

prices, which climbed to a record high, and copper prices, which

surged to their highest in nearly 10 weeks, following China's

stimulus.

Since last week, Canadian stocks have been enjoying investor

optimism around the U.S. Federal Reserve's half-point

interest-rate cut.

The composite index closed at a record high for a

third consecutive session on Monday. The TSX has risen 14% this

year.

The U.S. central bank is now expected to go for another rate

cut at its November policy meeting but investors wonder over the

size of the move.

Domestic investors will also look toward the Bank of Canada

Governor Tiff Macklem's speech at 01:10 p.m. ET for clues on the

central bank's monetary policy.

In corporate news, Cineplex ( CPXGF ) has been ordered to pay

nearly $39 million after the Competition Tribunal found that the

cinema operator engaged in deceptive marketing.

COMMODITIES

Gold: $2,630.1; +0.1%

US crude: $72.15; +2.5%

Brent crude: $75.67; +2.4%

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