CANADA STOCKS-TSX edges higher as golds gain

Tue Feb 15, 2011 4:54pm EST
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   * TSX up 18.58 points, or 0.13 percent, at 13,929.35
 * Seven of the 10 main groups rise
 * Index hovers near 31-month highs
 (Updates with details, comment)
 By Solarina Ho
 TORONTO, Feb 15 (Reuters) - Toronto's main stock index
finished modestly higher on Tuesday, with gains among gold
companies offsetting declines among other miners.
 Barrick Gold ABX.TO rose 1.35 percent to C$48.66, while
Goldcorp G.TO gaining 1.7 percent to C$43.56.
 Bullion prices roses to a four-week high as inflation
concerns sparked a technical breakout. The precious metal also
found support as Chinese inflation data came in lower than
expected, easing concerns that the world's second-largest
economy would have to tighten its monetary policy. Lower
interest rates tend to support gold buying. [GOL/]
 Offsetting the golds' gains was a decline among base-metals
and fertilizer companies. Potash Corp POT.TO came off its
recent run and gave back 3.39 percent to C$60.63. U.S. grain
prices fell as sentiment turned bearish amid overbought
 First Quantum Minerals FM.TO slumped 4.15 percent to
128.15, while Teck Resources TCKb.TO shed 1.36 percent to
 Copper prices fell from record highs, posting their biggest
one-day slide in three weeks. A day after a bullish 5.7 percent
rise in Chinese copper imports, worries about the Asian
country's ability to sustain its rate of growth resurfaced.
[MET/L] [ID:nTOE71D037]
 The overall materials group, home to a broad spectrum of
miners, was up marginally, gaining 0.13 percent.
 The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE finished 18.58 points, or 0.13 percent higher, at
13,929.35. Seven of the 10 main groups advance.
 "The overall index is sort of ho-hum," said Ian Nakamoto,
director of research at MacDougall, MacDougall & MacTier.
 "We're talking about relatively minor changes within each
company ... it's hard to make a headline story."
 The index hovered around 31-month highs and inched closer
to the 14,000-point level.
 ($1=$0.99 Canadian)
 (Reporting by Solarina Ho; editing by Rob Wilson)