March 26 (Reuters) - Futures tied to Canada's main stock

index were subdued on Wednesday as traders awaited clarity on

trade policy ahead of new U.S. tariffs scheduled for next week.

The futures on the S&P/TSX index were down 0.05% at

6:47 am ET (1047 GMT).

Markets had rallied on Monday after U.S. President Donald

Trump indicated that not all trade levies would take effect on

April 2, with some countries receiving exemptions, though

specifics were lacking.

On Tuesday, Toronto's main stock index edged up to

a near one-month high as investors bet that seasonality could

soon begin working in the market's favor.

But uncertainty remains around Canada's tightly contested

general election and the looming tariffs.

Focus will now also shift to Friday's release of Canada's

January GDP figures and the U.S. Personal Consumption

Expenditure report- the Federal Reserve's preferred measure of

inflation.

In commodities, oil prices advanced as the U.S. intensified

efforts to curb Venezuelan and Iranian exports, with a

larger-than-expected drop in crude inventories providing

support.

Gold prices rallied for a second consecutive session, driven

by safe-haven demand amid mounting tariff concerns.

Meanwhile, copper prices eased under similar tariff worries,

although a slight decline in the dollar helped mitigate losses.

In corporate news, Theratechnologies ( THTX ) received FDA

approval for a new treatment targeting abdominal fat in HIV

patients.

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