July 25 (Reuters) - Futures linked to Canada's main

stock index tumbled on Thursday, pulled down by declines in oil

and metal prices, while investors assessed the possibility of

more rate cuts by the Bank of Canada after easing its policy for

the second time this year on Wednesday.

The S&P/TSX 60 futures were down 0.69% as of 07:00

a.m. ET (1100 GMT).

Despite the market support offered by the rate cut, the

Canadian benchmark index fell to a near two-week low

on Wednesday due to declines in technology shares that mirrored

tech megacaps selloff on Wall Street.

The Canadian central bank trimmed its key policy rate by 25

basis points, in line with market expectations, and indicated a

possibility of more cuts if inflation continues to ease in line

with forecasts.

Traders currently see a 62.2% chance of a cut in September.

Gold prices fell, poised to weigh on the materials sector,

as investors rushed to book profits ahead of U.S. economic data

that can offer clarity on the Federal Reserve's monetary policy

outlook.

Copper registered its ninth straight session of decline and

the lowest level since April 3 due to grim demand outlook from

China.

The energy sector was set to lose ground as oil prices fell

on mixed demand signals, while fuel consumption in China remains

weak.

Across the border, investors will focus on durable goods,

jobless claims and second-quarter GDP data, expected at 8:30

a.m. ET, to gauge the economic health in the United States.

In corporate news, bitcoin miner Bitfarms ( BITF ) said it

has adopted a second 'poison pill' after a Canadian tribunal

ceased the earlier one adopted to prevent a potential hostile

takeover attempt by rival Riot Platforms ( RIOT ).

COMMODITIES

Gold: $2381.19; -0.68%

US crude: $76.40; -1.5%

Brent crude: $80.49; -1.5%

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($1 = 1.3834 Canadian dollars)