Dec 12 (Reuters) - Futures tied to Canada's main stock

index fell on Thursday after a rally in the previous session

following the Bank of Canada's outsized interest rate cut.

December futures on the S&P/TSX index were down

0.27% at 6:02 a.m. ET (11:02 GMT).

The central bank slashed its policy rates by 50 basis points

on Wednesday to help boost the country's slower economic growth.

However, Governor Tiff Macklem emphasized further reductions

would be more gradual and warned that potential new tariffs

under U.S. President-elect Donald Trump represented "a major new

uncertainty."

Trump's tariff threats have raised fears of a trade war

between the U.S. and two of its biggest trading partners, Canada

and Mexico.

In commodities, oil prices remained stable due to weak

demand forecasts and a larger-than-expected increase in U.S.

gasoline and distillate inventories, offsetting any gains from

new European sanctions on Russian oil.

Gold prices dipped ahead of the European Central Bank

monetary policy decision, while copper rose on expected Chinese

stimulus, though a steady U.S. dollar limited its gains.

The composite index climbed on Wednesday, lifted

by positive sentiments around the BoC rate cut and resource

shares.

Across the border, investors welcomed the U.S. inflation

data that met market expectations, strengthening the likelihood

of a quarter-point rate cut by the Federal Reserve next week.

Meanwhile, Wall Street futures slipped on Thursday after the

S&P 500 and Nasdaq ended the previous session on

a positive note.

Data-wise, a November reading of U.S. producer prices is due

at 8.30 a.m. ET, alongside a weekly reading of jobless claims.

In corporate news, non-paper containers & packaging firm

Transcontinental missed fourth-quarter revenue

estimates on Wednesday.

COMMODITIES

Gold: $2,709.27; -0.32%

US crude: $70.32; +0.04%

Brent crude: $73.53; +0.01%

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($1 = 1.4141 Canadian dollars)