Nov 4 (Reuters) - Canada's main stock index futures fell

over 1% on Tuesday, tracking a global risk-off mood as investors

locked in profits, while the market awaited the country's budget

proposal later in the day.

December futures on the S&P/TSX index dropped 1.02%

as of 05:58 a.m. ET.

Canada's Prime Minister Mark Carney said he will unleash a

major fiscal stimulus in his budget proposal as he aims to

transform the Canadian economy to rely less on the U.S., its top

trading partner.

A report by the Global and Mail said Canada's budget will

include a C$50 billion ($35.65 billion) local infrastructure

fund.

The S&P/TSX composite index closed up 14.32

points, or 0.1%, at 30,275.06 on Monday. The benchmark has

largely moved sideways since hitting a record high in

mid-October and has risen 22.4% year-to-date.

Despite an overnight tech rally in Wall Street,

sentiment remained fragile in Canada, where the downturn in the

manufacturing sector showed signs of easing in October, though

the PMI remained below the 50-mark, signaling continued

contraction.

Weakness in commodity markets also added to the pressure.

Copper prices fell sharply, with Shanghai futures posting their

biggest single-day drop in three weeks, which could weigh on

Canadian miners. Oil prices also slipped after OPEC+ signaled a

pause in output hikes for the first quarter, stoking fears of

oversupply.

In the U.S., the absence of official economic data due to a

federal government shutdown left investors without fresh cues on

the health of the economy.

Investors now await Wednesday's ADP national employment

report.

On the corporate front, e-commerce giant Shopify ( SHOP )

was set to report earnings later in the day. Its U.S.-listed

shares fell 2.9% in premarket trading.

Industrial parts distributor Wajax ( WJXFF ) reported

third-quarter revenue that missed estimates late on Monday.

($1 = 1.4024 Canadian dollars)