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TSX ends up 0.2% at 24,588.58

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Materials group adds 1.5% as gold rises

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Cogeco Communications ( CGEAF ) shares fall 5.9%

(Updates at market close)

By Fergal Smith

Jan 14 (Reuters) - Canada's main stock index edged up on

Tuesday, helped by gains for financial and gold mining shares,

but the move was limited as investors awaited a key U.S.

inflation report this week.

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

ended up 52.26 points, or 0.2%, at 24,588.58.

"It's strength in golds and financials primarily that are

driving it," said Brian Madden​​​​, chief investment officer at

First Avenue Investment Counsel Inc.

The materials group, which includes fertilizer companies and

metal mining shares, climbed 1.5% as the price of gold

clawed back some of the previous day's decline. Heavily weighted

financials were up 0.3%.

"Anticipation is likely building for the big U.S. money

center banks and some of the other financial institutions that

are reporting their fourth quarter results tomorrow," Madden

said. "That might be putting a bid to the Canadian financials as

well."

U.S. quarterly earnings get under way on Wednesday with

results from big banks, which are expected to post stronger

profits on the back of robust dealmaking and trading.

Still, the TSX has retreated 4.3% from a record closing in

December as investors brace for expected U.S. trade tariffs and

after a hawkish shift in stance by the Federal Reserve.

U.S. consumer price index data, due on Wednesday, could

offer clues on prospects of the Fed continuing its easing

campaign at some point this year.

Some interest-rate sensitive sectors lost ground as Canada's

10-year yield climbed to a six-month high. Consumer staples fell

1.6% and utilities ended 0.6% lower.

The biggest declining stock was Cogeco Communications Inc ( CGEAF )

. Its shares fell 5.9% after the telecommunications

company reported quarterly revenue that fell short of estimates.