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CANADA STOCKS-Toronto shares up slightly as gold producers rise

Tue, 06th Mar 2018 15:44

March 6 (Reuters) - Canada's main stock index was upslightly on Tuesday, lifted by gains in gold producers as theprice of the commodity rose, while global equities markets weresupported by signs North Korea is willing to hold talks with theUnited States.

* At 10:39 a.m. EST (1539 GMT), the Toronto Stock Exchange'sS&P/TSX composite index rose 32.06 points, or 0.21percent, to 15,573.34.

* South Korea said the North will also suspend nuclear testswhile talks with the United States are underway.

* The prospect of talks after months of tensions betweenNorth Korea and the United States helped put a floor underglobal markets, though investors remained wary of the risk of atrade war after U.S. President Donald Trump said he was planningtariffs on steel and aluminum.

* Gold producers climbed 1.8 percent, helping tosupport the larger materials sector as gold prices firmed on thepotential progress with North Korea.

* Goldcorp Inc rose 2.6 percent to C$16.99, whileTeck Resources Ltd advanced 1.3 percent to C$36.75 asgold futures rose 1.1 percent to $1,333.1 an ounce.

* Canadian National Railway Co was among thebiggest drags on the index, down 2.1 percent at C$95.08 as CIBCcut its target price to C$108 from C$111. The company's chiefexecutive officer abruptly stepped down on Monday.

* Bombardier Inc fell 7.8 percent to C$3.69 afterthe company said it will sell equity to strengthen its balancesheet as part of a five-year turnaround plan.

* Canopy Growth Corp was among the more activelytraded stocks, up 3.3 percent at C$33.54 after Bloombergreported the cannabis producer had bid for Spanish firmAlcaliber SA.

* Volume on the TSX index was 49.95 million shares.(Reporting by Leah SchnurrEditing by Jeffrey Benkoe)

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