Futures for Canada's main stock index edged up on Tuesday as cautious investors looked ahead to U.S. inflation data due later in the week to infer the Federal Reserve's monetary policy stance.

U.S. stock index futures gained on Monday evening as reports eased fears of disruptive trade tariffs under President-elect Donald Trump. Bloomberg reported that his team may propose a gradual tariff increase of

European and U.S. futures pointed to a modest bounce on Tuesday, though spiking bond yields and a strong dollar have investors wary of taking too many risks ahead of U.S. inflation data and the start of Donald Trump's second term as U.

Quarterly reports from big banks are also highly anticipated later this week, with the lenders expected to report stronger earnings, fueled by robust dealmaking and trading. Comments from Kansas City Fed President Jeffrey Schmid and New York Fed President John Williams,