(Updates with morning prices)

By Sanchayaita Roy

May 14 (Reuters) - Canada's main stock index fell on

Wednesday, after six straight sessions of gains, as investors

took a breather while awaiting signals from ongoing trade

developments.

The Toronto Stock Exchange's S&P/TSX composite index

was down 0.13% at 25,583.02 points after rising 2.6%

in the past six sessions and hitting a three-month high last

week.

Markets have been rising on trade optimism after a limited

U.S.-UK agreement and the United States and China pausing their

fierce tariff dispute assuaged fears about a global economic

slowdown.

A 90-day tariff pause announced by the U.S. on April 9 for

countries other than China, along with solid earnings reports

and a cooler-than-expected U.S. inflation reading, helped the

index regain ground from early April lows.

"I think all the markets are taking a little bit of a

breather now after the recent rallies", said Michael Sprung,

president at Sprung Investment Management.

"The inflation reading and the U.S.-China situation buoyed

the market in the immediate past but ... expectations of what is

likely to happen are becoming more and more uncertain. And so I

think the markets going to be looking for some direction".

Federal Reserve Vice Chair Philip Jefferson noted that

recent inflation data indicate progress toward the Fed's 2%

target, yet the outlook remains uncertain as potential new

import taxes could elevate prices.

On TSX, mining stock fell 1.9%, tracking lower

gold prices, as easing U.S.-China tensions dimmed bullion's

safe-haven appeal.

Energy subindex slipped 0.6% after oil prices fell

as traders eyed a potential jump in U.S. crude inventories,

while OPEC lowered its oil supply growth forecast for producers

outside OPEC+.