CANADA STOCKS-TSX futures rise as global tech rout subsides

Jan 28 (Reuters) - Futures tied to Canada's main stock index edged higher on Tuesday as selling pressures eased after the previous session's tech-driven fall in global equity markets.

March futures on the S&P/TSX index SXFcv1 were up 0.15% at 6.37 a.m. ET (1137 GMT).

On Monday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE gave back some of its impressive gains for the year as investors sold off shares in technology companies.

The decline was triggered by a low-cost Chinese artificial intelligence model, which raised doubts about the dominance of current AI leaders and their suppliers.

In commodities, gold XAU= prices remained steady on Tuesday after a sharp decline in the previous session. GOL/

Oil prices LCOc, CLc1 rose slightly but stayed near a two-week low, as weak economic data from China and rising temperatures elsewhere dampened the demand outlook. O/R

Investor attention will shift to interest rate decisions from the Bank of Canada and the U.S. Federal Reserve on Wednesday.

The Canadian central bank is anticipated to cut rates by an additional 25 basis points, while the U.S. Fed is expected to keep rates unchanged.

Analysts will also pay close attention to policymakers' commentary as they navigate the risks associated with potential U.S. trade tariffs.

U.S. President Donald Trump's pick for Treasury secretary, Scott Bessent, has been pushing for new universal tariffs on U.S. imports, starting at 2.5% and increasing by the same amount each month, a media report said on Monday.

In corporate news, Bitfarms BITF.TO, a bitcoin data center company, signed a binding Letter of Intent for the sale of its Yguazu and Paraguay sites with cryptocurrency mining company Hive Digital Technologies HIVE.V.

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