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TSX adds 0.3%, extending daily winning streak

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Posts highest closing level since February 13

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Industrials rise 1.5% as railroad shares gain

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Materials ends 1.8% lower as gold falls

(Updates at market close)

By Sanchayaita Roy and Fergal Smith

May 14 (Reuters) - Canada's main stock index climbed to

a three-month high on Wednesday, but the move was modest as

momentum from recent cooling of trade tensions faded and amid

prospects of continued economic uncertainty.

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

ended up 75.59 points, or 0.3%, at 25,692.45, its

highest closing level since February 13.

It was the seventh-straight day of gains for the index,

which is the longest daily winning streak since January.

The S&P 500 flitted between gains and losses before closing

slightly higher. A smaller-than-expected rise in U.S. consumer

prices last month and a truce in the U.S.-China trade war have

boosted investor sentiment in recent days.

"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."

The industrials sector rose 1.5% as railroad shares notched

gains. Shares of e-commerce company Shopify Inc ( SHOP ) added

3.8%, which helped lift the technology sector by 1.3%.

The materials sector, which includes metal mining shares,

was a drag, falling 1.8%, as gold and copper

prices fell.

The price of oil was also down, settling 0.8% lower

at $63.15 a barrel, after data showed U.S. crude oil stockpiles

rose unexpectedly last week. Energy lost 0.8%.