CANADA STOCKS-TSX gains as materials, financials rise; investors shrug off G7 squabble

June 11 (Reuters) - Canada’s main stock index rose on Monday, boosted by gains in materials and financial shares, while investors shrugged off fears of a global trade war following a chaotic G7 meeting.

* At 9:34 a.m. ET (1334 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was up 41.19 points, or 0.25 percent, at 16,243.88.

* The financial sector gained 0.3 percent, while the materials sector, which includes precious and base metals miners, added 0.5 percent.

* Spot gold was up 0.17 percent at $1,300 per ounce, with investors awaiting key central bank policy meetings and the United States-North Korea summit this week for direction.

* U.S. President Donald Trump threw the G7’s efforts to show a united front into disarray after taking aim at Canadian Prime Minister Justin Trudeau, firing off a volley of tweets venting anger on NATO allies.

* Biggest boosts among the financials stocks were shares of Toronto-Dominion Bank and Royal Bank of Canada, both gaining about 0.4 percent.

* Ten of the index’s eleven major sectors were higher, led by the financials sector.

* Mexican Economy Minister Guajardo said the only way countries re-negotiating the NAFTA deal will find a solution is through “sufficient flexibility” to narrow differences.

* The Canadian dollar weakened after U.S. President Donald Trump disrupted the G7’s efforts to show a united front and bashed Canada’s leader as “very dishonest,” though market reaction was relatively muted.

* On the TSX, 143 issues were higher, while 88 issues declined for a 1.63-to-1 ratio favouring gainers, with 8.53 million shares traded.

* The top percentage gainer on the TSX was Ivanhoe Mines Ltd , which jumped 8.7 percent after news of a unit of Chinese conglomerate CITIC Ltd to buy a near 20 percent stake Ivanhoe for about C$723 million ($555 million).

* Top decliner on the TSX were shares of Prometic Life Sciences Inc, which fell 6.9 percent.

* Second biggest decliner was Aurora Cannabis down 2.4 percent, the cannabis firm signed a supply deal with U.K. based cannabis producer and distributor Ascent Industries.

* The most heavily traded shares by volume were Bombardier Inc and Aurora Cannabis.

* Bombardier and its partners have been awarded a $4.9 billion contract to build and operate a passenger transit system at the Los Angeles International Airport.

* The TSX posted two new 52-week highs and one new low.

* Across all Canadian issues there were 20 new 52-week highs and two new lows, with total volume of 15.13 million shares. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Bernard Orr)