Dec 11 (Reuters) - Canada’s main stock index rose on Wednesday led by gains in shares of precious metal miners, as investors awaited clarity on the status of new U.S. tariffs on Chinese goods.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.7% as gold futures rose 0.1% to $1,464.6 an ounce.
* Also helping the sector was copper prices touching a near five-month high on Wednesday.
* The largest percentage gainers on the TSX were mining companies. Turquoise Hill Resources Ltd jumped 7.6% and Hudbay Minerals Inc rose 5.8%.
* U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
* The White House’s top economic and trade advisers are expected to meet in coming days with Trump over the decision, a source told Reuters, though a final decision has not been made.
* Investors will also be watching out for the U.S. Federal Reserve’s policy statement at 2:00 p.m. ET. The central bank is widely expected to keep borrowing costs steady.
* At 9:54 a.m. ET (1454 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 39.39 points, or 0.23%, at 16,990.09.
* On the TSX, 124 issues were higher, while 102 issues declined for a 1.22-to-1 ratio favoring gainers, with 25.43 million shares traded.
* BRP Inc fell 7%, the most on the TSX, after the company announced a C$305.9 million secondary offering on a bought deal basis.
* The most heavily traded shares by volume were Canadian Natural Resources Ltd, BCE Inc and Aurora Cannabis Inc.
* The TSX posted three new 52-week highs and one new low.
* Across all Canadian issues there were 18 new 52-week highs and nine new lows, with total volume of 40.67 million shares. (Reporting by Arjun Panchadar in Bengaluru; Editing by Amy Caren Daniel)
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