CANADA STOCKS-TSX futures slide over 1%, hit by global risk aversion

Sept 20 (Reuters) - Futures tracking Canada's main stock index fell more than 1% on Friday as investors retreated from riskier assets on worries about the impact of aggressive monetary policy tightening by central banks around the world.

Futures on the S&P/TSX index were down 1.5% by 7:39 a.m. ET, with a global stocks gauge at a two-year low on fears that bigger interest rate rises are in the offing to tame inflation.

Data at 8:30 a.m. ET is expected to show Canada's retail sales fell 2% in July, compared with June, as elevated inflationary pressures and higher borrowing costs weigh on the economy.

The Bank of Canada is scheduled to meet next month, with traders almost fully pricing in the odds of a 50-basis-point interest rate hike.

The Toronto Stock Exchange's S&P/TSX composite index closed down about 1% at a two-month low on Thursday. The benchmark is set for its fifth weekly decline in six.

Energy stocks could come under pressure as prices of oil , one of Canada's top exports, fell more than 3% on fears over hit to demand from a global economic slowdown.

Gold and silver prices were also dented by a strong dollar.

Dow e-minis were down 365 points, or 1.21%, while S&P 500 e-minis were down 50 points, or 1.33%, and Nasdaq 100 e-minis were down 166.75 points, or 1.44%.

In company news, Link Administration Holdings Ltd's A$2.47 billion ($1.63 billion) proposed deal to be acquired by Canada's Dye & Durham fell through after a local court denied approving the offer citing failure to meet key conditions. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)