Oct 29 Reuters Canada39;s main stock index was muted on Tuesday as a rise in longterm bond yields pressured ratesensitive stocks like utilities and limited overall gains led by mining shares, while investors awaited earnings from megacap Alphabet.

The SPTSX composite index was up 8.98 points, or 0.04, at 24,574.64.

The materials sector added 1 as gold prices hovered near an alltime high on U.S. election uncertainty and expectations of a rate cut by the Federal Reserve. Gains in copper prices also lent support.

Utilities and real estate shares fell 1.4 and 0.5, respectively.

Yield on the U.S. 10year benchmark Treasury note rose around 6 basis points, while Canadian 10year benchmark yield also wavered.

Given the U.S. election coming up to bring upward pressure on the bond yields, we39;ve seen a little more volatility, said Denis Taillefer, senior portfolio manager at Caldwell Securities Ltd.

And we expect the markets to struggle to try and breakthrough and make new highs in this environment.

The upcoming U.S. presidential election contributed to market jitters, with investors evaluating the chances of a Donald Trump victory that could potentially lead to higher tariffs, inflation and longterm Treasury yields.

Among economic data, U.S. job openings fell in September, suggesting a weakening labor market and raising expectations of two separate quarterpoint interestrate cuts later this year.

Looking ahead, spotlight will be on Googleparent Alphabet39;s quarterly…