(Updates prices and details throughout)
* TSX up 0.1%, energy index rises 1.3%
* Oil jumps more than 2%, gold slips
* Lightspeed falls to bottom of index after profit miss
By Tharuniyaa Lakshmi
May 21 (Reuters) - Canada's main stock index edged
higher on Thursday as energy stocks were lifted by rising oil
prices, after a Reuters report on Tehran's hard stance on
uranium stockpiles dampened hopes for a Middle East peace deal.
At 10:21 a.m. ET, the Toronto Stock Exchange's S&P/TSX
composite index was up 0.1% at 34,214.93 points.
* Iran's Supreme Leader has issued a directive that the
country's near-weapons-grade uranium should not be sent abroad,
two senior Iranian sources said, hardening Tehran's stance on
one of the main U.S. demands in ongoing negotiations.
* The energy sub-index led gains, up 1.3%, as oil
prices rose more than 2% following the report.
* Heavyweight mining stocks were down 0.8% after
gold prices fell, with Perpetua Resources, G Mining
Ventures ( GMINF ) and Discovery Silver ( DSVSF ) falling 3.4% to
4.2% each.
* "Until there's a resolution, markets are likely to
continue tracking headlines around the conflict. But we're still
holding our course because Canada remains the cleanest commodity
play in the Western world," said Corbin Footitt, portfolio
manager at Verecan Capital Management Inc.
* The commodity-heavy TSX has largely traded sideways in May
after rebounding sharply from war-driven lows in March. It
remains less than 1% below its March 2 peak.
* "If oil and gold stay where they are, then the TSX is
fairly priced and isn't overheated. But if we see oil and gold
slip, then we could also see movements in TSX downwards,"
Footitt added.
* Five out of 10 sectors in the TSX were in the red. The
index had posted its biggest advance in nearly three weeks on
Wednesday.
* Canadian bond yields also fell, tracking moves in U.S.
Treasuries. Canada's 10-year was down 12.4 basis
points at 3.580%, extending its pullback from a two-year high of
3.744% reached on Tuesday.
* Meanwhile, Lightspeed fell 7.9% after the
commerce platform's fourth-quarter profit missed estimates.