May 16 (Reuters) - Futures for Canada's main stock index

edged higher on Friday, as recent de-escalation of the global

trade war and softer U.S. inflation data supported risk

appetite.

June futures on the S&P/TSX index were up 0.16% at

6:21 a.m. ET (1021 GMT).

Canada's main stock index rose to a record high on

Thursday, helped by industrial and financial shares, and is on

track for a sixth straight week of gains if current trends hold

on the day.

Investors cheered the 90-day pause in the U.S.-China tariff

dispute, which reduces the global recession risks, and the

bilateral trade agreement between the U.S. and the UK a week

ago, igniting hopes for potential trade deals with the U.S.

Earlier this week, data showed U.S. consumer prices had

rebounded moderately in April.

Markets will also focus on remarks from Federal Reserve

policymakers, with at least two officials, including Richmond

Fed President Thomas Barkin slated to speak later in the day.

In commodities, oil prices extended declines, but are

heading for a second consecutive weekly gain due to easing

U.S.-China trade tensions.

Gold prices dropped and were poised for their steepest

weekly decline in six months, while copper prices edged lower

but were set for a weekly rise.

In corporate news, Canadian oil and gas producer Strathcona

said late Thursday it plans to launch a C$5.93 billion

($4.25 billion) takeover bid for peer MEG Energy ( MEGEF ).

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