CANADA STOCKS-TSX futures flat as AI rally wobbles

Nov 7 (Reuters) - Futures tied to Canada's main stock index were little changed early on Friday, as investors awaited domestic economic data and weighed the durability of the rally led by artificial intelligence stocks.

Futures on the S&P/TSX Composite Index SXFcv1 was unchanged as of 5:51 a.m. ET, with gains in oil, copper and gold prices helping to offset broader caution.

The underlying benchmark fell 0.8% on Thursday to 29,868.59, dragged by a 3.9% slump in technology shares .GSPTTMT.

The index is on track for a 1.2% weekly drop - its steepest since early October - if losses hold. That comes despite a brief reprieve on Wednesday, when the TSX notched its biggest single-day gain in three weeks.

Global markets have turned choppy this week, as upbeat corporate earnings failed to stem a retreat in AI-linked stocks. The reaction to recent results suggests investors are beginning to question lofty valuations and the sector's long-term profitability, reviving concerns about a potential bubble.

Meanwhile, Canadian Prime Minister Mark Carney's debut budget proposal earlier this week failed to ignite investor enthusiasm. While pitched as a "generational investment" plan to fortify the economy and brace for trade tensions with the U.S., some analysts called Tuesday's document a missed opportunity.

Investors now look ahead to employment data due at 8:30 a.m ET.

Gold rose again by 0.8%, as the dollar slipped on expectations of further interest rate cuts from the Federal Reserve and lingering concerns over the U.S. economic outlook, while crude oil prices were up 1%. GOL/ O/R

In corporate news, Canadian National Railway CNR.TO announced a $700 million debt offering and Wheaton Precious Metals WPM.TO said its third quarter revenue jumped, lifted by higher prices of gold.