The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File Photo

By Nikhil Sharma

(Reuters) -Canada's main stock index slipped on Monday, kicking off a week of earnings from top domestic lenders, after U.S. Federal Reserve Chair Jerome Powell's hints about interest rate cuts propelled the market to new heights in the previous session.

At 9:46 a.m. ET (1346 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 0.21% at 28,273.24 points, but still near a record high hit on Friday.

Powell at the Fed's annual Jackson Hole symposium on Friday acknowledged the growing risks to the job market, but also noted inflationary threats, shying away from committing to the rate cut decision.

On the day, at least 10 sectors on the TSX declined. Industrials led the losses by falling 0.46%.

Technology also weighed, down 0.4%. The financial index, which has the highest weighting on TSX, fell 0.34%.

The Canadian banks will kick off earnings season on Tuesday, beginning with Bank of Montreal and Bank of Nova Scotia.

"Maybe they're not going to be the best earnings we've seen in a while, but they have enough diversity in the business to show at least to show good numbers," said Allan Small, senior investment advisor at Allan Small Financial Group with iA Private Wealth.

Big banks are expected to have cut third-quarter loan-loss provisions from the prior quarter, according to data compiled by LSEG, as the hit from U.S. tariffs on loan portfolios appears less than feared.

Chipmaker Nvidia's results on Wednesday will attract global attention as it could determine the future of the tech-driven rally.

The Personal Consumption Expenditures Price index - the Fed's preferred inflation gauge - is due on Friday, and will be a key indicator for expectations around rate cuts.

In Canada, second-quarter GDP numbers on Friday will be watched to evaluate the impact of tariffs on the economy.

(Reporting by Nikhil Sharma; Editing by Sahal Muhammed)