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TSX up 0.1%

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Canada's retail sales fall in May

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Technology lead the sectoral gains

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Wedbush initiates coverage on Canada Goose with outperform

(Updated at 10:15 a.m. ET/ 14:15 GMT)

By Nikhil Sharma

July 19 (Reuters) - Canada's resource-heavy stock index

edged higher on Friday, led by technology and real estate

shares, while losses in precious and base metal miners kept a

check on gains.

At 10:15 a.m. ET (1402 GMT), the Toronto Stock Exchange's

S&P/TSX composite index was up 0.1% at 22,741.24

points.

Meanwhile, Wall Street indexes slipped on Friday, as

investors continued selloff of chip and megacaps technology

stocks.

The information technology led sectoral gains with

a 0.7% rise, as blockchain-farm operator Bitfarms

gained on rising bitcoin prices, while real estate

also was among the top performers, up 0.3%.

Leading sectoral losses was the materials sector

that fell 0.3%, after gold prices slipped against a firm dollar,

while copper prices eased on the back of concerns about a weak

Chinese economy.

A global tech outage on Friday disrupted operations across

industries, from airlines and broadcasting to banking and

healthcare.

Meanwhile, Canadian retail sales slipped more than expected

to 0.8% in May, data showed on Friday, further boosting calls

for an interest rate cut. On the other hand, producer prices

remained unchanged in June from May.

Markets are pricing in a 91% likelihood of a 25-basis points

rate cut in the next policy meeting on July 24.

"I don't think there will be any surprises. Overall

inflation does seem to be heading down at this point and labor

market has been softening a bit," Graham Priest, investment

advisor at BlueShore Financial.

"Most forecasts would indicate a cut and that's what we will

be receiving."

Among individual stocks, the luxury parka maker Canada Goose

Holdings ( GOOS ) shares rose 3% as Wedbush initiated coverage

on the stock with an outperform rating.