CANADA STOCKS-TSX futures subdued as metals retreat in year's final week

Dec 29 (Reuters) - Futures linked to Canada's main stock index were subdued on Monday following a holiday break, starting the final week of the year cautiously, as metal prices retreated.

The March futures on the S&P/TSX index SXFcv1 were down 0.09% as of 06:41 a.m. ET.

Toronto's S&P/TSX composite index .GSPTSE fell on Wednesday on Christmas Eve during thin holiday trading, as mining stocks surrendered some of the gains accumulated in 2025.

Mining and financial shares have been the key drivers this year, lifting the TSX to a third consecutive annual gain and its strongest performance since 2009, with about a 30% rise.

This month, the index is on track for about a 2% advance, supported by strong gains in metal prices.

Weighing on futures early on Monday, gold XAU= declined 1.4%, while silver retreated from an all-time high of $83.62 reached earlier in the session. Investors booked profits amid perceptions of easing geopolitical tensions, which reduced safe-haven buying.

Oil prices LCOc1, CLc1, however, provided some support to the commodity market with an over 2% rise, as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in Ukraine against potential oil supply disruption in the Middle East. O/R

Investors will be watching for Tuesday's release of U.S. Federal Reserve meeting minutes during an otherwise quiet data week.

Among other major developments, Prime Minister Mark Carney announced an additional $2.5 billion of economic aid for Ukraine during an appearance with Ukrainian President Volodymyr Zelenskiy.

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