CANADA STOCKS-TSX closes up, breaks 5-day slide as miners gain
(New throughout, updates prices and market activity to close, adds fund manager comment, Fed details)
* TSX ends up 39.22 points, or 0.28 percent, at 13,923.45
* Seven of the TSX's 10 main groups rise
By Alastair Sharp
TORONTO, June 15 (Reuters) - Canada's benchmark stock index closed higher on Wednesday after five days of declines, with miners and other materials stocks leading a broad but subdued rebound as the U.S. Federal Reserve hinted at a less aggressive outlook for interest rates.
The Toronto Stock Exchange's S&P/TSX composite index closed up 39.22 points, or 0.28 percent, at 13,923.45, lifting it off a near one-month low.
"Essentially everything is flat except for materials," said Manash Goswami, a portfolio manager at First Asset Investment Management Inc, pointing to a dovish Fed as supportive for gold.
"There is also a lot of uncertainty coming up with the Brexit vote next week," he said, referring to a June 23 British vote on whether to leave the European Union.
Worries that Britain, the world's fifth-largest economy, could quit the EU have dominated markets this week and driven investors towards safe-haven assets such as gold. Continued...