CANADA STOCKS-TSX up after five down days as miners gain

Wed Jun 15, 2016 10:55am EDT
 
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(Adds details from early trade, updates prices)

* TSX up 60.94 points, or 0.44 percent, at 13,945.17

* Eight of the TSX's 10 main groups were higher

TORONTO, June 15 (Reuters) - Canada's main stock index rose on Wednesday as miners and other materials stocks led a broad but subdued rebound and some energy stocks weighed ahead of a U.S. Federal Reserve rate decision and outlook.

At 10:10 a.m. EDT (1410 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 60.94 points, or 0.44 percent, at 13,945.17.

The gains, if sustained, would reverse five days of losses that took the index to a near one-month low.

Worries that Britain, the world's fifth-largest economy, could quit the European Union after a June 23 referendum have dominated markets this week and driven investors towards safe-haven assets such as gold and the Swiss franc.

That trend was reversed somewhat on Wednesday, with bullion slipping from a six-week high ahead of a Federal Reserve policy decision later in the day.

The Fed is expected to keep interest rates unchanged and indicate whether it still plans to raise rates twice in 2016.   Continued...