(Updates with morning prices)

By Sanchayaita Roy and Sukriti Gupta

April 29 (Reuters) - Canada's main stock index was

subdued in choppy trading on Tuesday, as cautious investors

moved on from the country's elections to focus on the potential

economic impact of a global trade war triggered by U.S.

President Donald Trump's tariffs.

Toronto Stock Exchange's S&P/TSX composite index

was down 0.02% at 24,796.55 points.

The market reaction was muted to Prime Minister Mark

Carney-led Liberals securing a victory without an outright

majority in Canada's parliamentary elections, which had centered

on Trump's tariffs on its northern neighbor.

"The elections aren't having much of an effect on stock

markets", said Allan Small, senior investment advisor at Allan

Small Financial Group with iA Private Wealth.

The election was closely watched for how it could shape

Canada's policy in the trade war with U.S., but now focus has

moved back to Trump's policies.

"Investors welcome clarity yet fear Trump's trade war

impacting Canada's economy," said Graham Priest, investment

advisor at BlueShore Financial.

On Tuesday, U.S. Treasury Secretary Scott Bessent predicted

that China could lose 10 million jobs quickly due to tariffs,

and added that the "onus" would be on Beijing, hitting hopes

that the world's two largest economies could make progress on

easing their escalating trade war.

Canada's auto parts suppliers may get a boost from U.S.

official's comments that Trump will sign an executive order on

Tuesday to soften the impact of his automotive tariffs.

On TSX, capped communication stocks led the

gains, up 1%, with BCE Inc ( BCEXF ) topping the index, with a

1.5% rise.

On the flip side, heavyweight energy shares fell

0.8%, as oil prices fell to near a two-week low.

Metal mining shares fell 0.3%, as gold prices

slipped on signs of easing tensions in the U.S.-China trade

dispute.

More economic data are on the radar this week, with

investors' focus on corporate earnings from many of the

magnificent seven companies of the world.