CANADA STOCKS-TSX futures dip as investors await bank earnings

Dec 1 (Reuters) - Futures tracking Canada's main stock index slipped on Monday as investors took a breather after solid gains in November, while awaiting a slew of bank earnings later this week.

S&P/TSX 60 index futures SXFc1 were down 0.3% as of 06:20 a.m. ET, with higher commodity prices preventing further losses.

The benchmark S&P/TSX composite index .GSPTSE gained 0.6% on Friday, capping its seventh straight month of gains - a streak not seen since August 2021. A rally in precious metals such as gold and silver pushed the commodity-heavy index to record highs last week.

Markets ended a volatile November on a strong note as investors shrugged off concerns about an AI bubble while growing odds of an interest rate cut by the Federal Reserve in December aided risk appetite.

Investors are looking ahead to fresh catalysts to see if the upward momentum can continue. Major Canadian banks are set to post earnings over the next few days, setting the tone for markets. Financial companies hold nearly a third of the weight on the TSX index.

Helping ease pressure on futures early on Monday, gold XAU= climbed to its highest level in six weeks, while silver XAG= rose to a new all-time on high hopes of a rate cut.

Oil LCOc1, CLc1 prices added 2% on supply worries.

In corporate updates, four Malian employees of Barrick Mining ABX.TO were released from prison after an agreement that resolved all disputes over the Loulo-Gounkoto gold mining complex, three sources told Reuters.

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