Sept 10 (Reuters) - Futures tied to Canada's main stock

index were subdued on Wednesday, as investors paused after a

record rally in the previous session and awaited U.S. producer

price data due later in the day for insights into tariff-induced

inflation.

Futures on the S&P/TSX index gained 0.06% to

1,721.50 points by 06:26 a.m. ET (1026 GMT).

The S&P 500 U.S. benchmark index also notched a record high

close on Tuesday after a downward U.S. payrolls revision

supported expectations that the Federal Reserve will soon cut

interest rates to shore up economic growth.

U.S. producer prices report will be in focus later in the

day to assess the impact of President Donald Trump's tariff

policies and whether it could help make the case for a jumbo

50-basis-point cut at the Fed's meeting next week.

In commodities, prospects of a Fed rate cut helped underpin

the price of gold that hovered near an all-time high on

Wednesday. Oil prices also rose, while copper held steady.

Meanwhile, expectations that the Bank of Canada will resume

its easing cycles have supported market sentiment since last

Friday, following disappointing jobs data.

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