CANADA STOCKS-TSX ekes out gain as materials rise

Mon Jun 13, 2016 10:33am EDT
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(Adds details from early trade, updates prices)

* TSX up 11.31 points, or 0.08 percent, at 14,048.85

* Six of the TSX's 10 main groups lower

TORONTO, June 13 (Reuters) - Canada's main stock index inched higher on Monday as gold miners and other materials stocks gained on fading expectations for a U.S. interest rate hike and global jitters about whether Britain will vote to leave the European Union.

Financial stocks weighed heavily, following Asian and European shares lower as investors worried that a "Brexit" could tip Europe back into recession.

Brookfield Asset Management declined 2.5 percent to C$44.43. Bank of Montreal declined 0.5 percent to C$82.74 and Bank of Nova Scotia fell 0.4 percent to C$65.02.

Gold prices hit their highest since mid-May on the back of the fading risk appetite, helping Barrick Gold Corp jump 3.2 percent to C$25.79. Fertilizer company Potash Corp advanced 4.1 percent to C$22.58.

Turquoise Hill Resources Ltd advanced 17.9 percent to C$4.34 after providing a business update last week.

The materials group, which includes precious and base metals miners and fertilizer companies, added 1.9 percent.   Continued...