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TSX ends up 0.1% at 29,761.28

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For the week, the index slips 0.02%

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Materials sector gains 1.9% as gold climbs

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Technology falls 2.1%

(Updates at market close)

By Twesha Dikshit and Fergal Smith

Sept 26 (Reuters) - Canada's main stock index edged

higher on Friday as commodity prices rose and economic data

pointed to Canada's economy avoiding a recession, but the index

still lost its weekly winning streak.

Canada's monthly gross domestic product rebounded from three

months of contraction to grow by 0.2% in July as mining,

manufacturing and wholesale trade boosted growth, data showed.

"Canada is likely to avoid a technical recession, with July

GDP showing a rebound from the second quarter's contraction and

Q3 growth tracking in line with our forecast," Maria Solovieva,

an economist at TD Economics, said in a note.

Solovieva's forecast for the third quarter is annualized

growth of 0.7%.

Toronto's S&P/TSX composite index ended up 29.30

points, or 0.1%, at 29,761.28.

It was led by a gain of 1.9% for the materials sector

, which includes metal mining shares, as the price of

gold moved closer to its recent record high.

Perpetua Resources Corp ( PPTA ) was a standout, with its

shares adding 11.2%. The company said it's in talks with a

number of companies, including Glencore ( GLCNF ), about

partnership to refine antimony in the United States.

The price of oil also rose, settling 1.1% higher at

$65.72 a barrel, as Ukraine's drone attacks on Russia's energy

infrastructure cut the country's fuel exports.

The energy sector and heavily weighted financials

both added 0.2%.

Still, the TSX inched 0.02% lower for the week, after seven

straight weekly gains.

"Some of the market participants are simply just locking in

some gains here," said Robert Gill, portfolio manager at

Fairbank Investment Management. "It's been a very heated market

and they're rotating out of some overextended sectors, in

particular technology."

The technology sector fell 2.1%, with e-commerce

firm Shopify ( SHOP ) down 2.3%.