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CANADA STOCKS-TSX rises on mining stocks boost, upbeat economic data

(Update prices, sectors)

June 24 (Reuters) - Canada’s main stock index rose on Thursday as mining stocks tracked bullion prices higher, while government data showed that domestic wholesale trade most likely rose in May.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.3% as gold futures rose 0.1% to $1,783.8 an ounce.

* Canadian wholesale trade most likely rose by 1.1% in May over April led by higher sales in the machinery, equipment and supplies subsector, Statistics Canada said in a flash estimate.

* At 9:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 89.84 points, or 0.45%, at 20,254.23.

* Adding to the upbeat mood, Export Development Canada’s Trade Confidence Index jumped to its highest level in more than 20 years, underpinned by mounting optimism that a sustained global economic recovery is underway.

* The largest percentage gainers on the TSX were alt-energy producer Westport Fuel Systems Inc, which jumped 3.8%, and Magna International Inc, which rose 3.3% after Goldman Sachs upgraded the auto parts maker’s stock.

* The energy sector slipped 0.1% as U.S. crude prices dipped 0.6% a barrel, while Brent crude lost 0.5%.

* The financials sector gained 0.4%. The industrials sector rose 0.6%.

* On the TSX, 171 issues were higher, while 54 issues declined for a 3.17-to-1 ratio favouring gainers, with 11.76 million shares traded.

* Miner Wesdome Gold Mines Ltd fell 1.9%, the most on the TSX, and the second biggest decliner was lithium miner Lithium Americas Corp, down 1.6%.

* The most heavily traded shares by volume were Bombardier Inc, Moneta Porcupine Mines Inc, and Manulife Financial Corp.

* The TSX posted 14 new 52-week highs and no new lows.

* Across all Canadian issues there were 58 new 52-week highs and 10 new lows, with total volume of 26.00 million shares. (Reporting by Amal S in Bengaluru; Editing by Sriraj Kalluvila)

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