(Updates at market close)
* TSX ends up 0.1% at 34,856.99
* Gains 6.4% in the second quarter
* Canada's GDP rises 0.5% in April
* Tech adds 0.9%, financials gain 0.8%
By Fergal Smith
June 30 (Reuters) - Canada's main stock index slightly added
to its quarterly gain on Tuesday, as financial and technology
shares rose and after domestic data showed the economy expanding
faster than expected in April.
The Toronto Stock Exchange's S&P/TSX Composite Index
ended up 33.17 points, or 0.1%, at 34,856.99.
For the second quarter, the index was up 6.4%, marking its
eighth straight quarterly advance, the longest such stretch
since 1996. Still, it lagged the 14.9% gain for the S&P 500
, the U.S. benchmark.
* "The Canadian market, for the most part, has been largely
earnings driven," said Angelo Kourkafas, senior global
investment strategist at Edward Jones Investments.
* "It has lagged U.S. and some other indices because of its
commodities tilt. But markets are ready to enter a new quarter
from a solid footing."
* Financials, health care and
technology led the TSX's quarterly advance, while the
materials group, which includes metal mining shares,
and energy posted declines.
* Canada's gross domestic product increased 0.5% in April
from March, marking the largest monthly expansion in nine months
and allaying concerns that a tariff-led slowdown in the economy
was getting more entrenched.
* The U.S. was expected to formally declare on Wednesday
that it will not extend the U.S.-Mexico-Canada Agreement on
trade, starting a decade-long clock to wind down the 32-year-old
North American free trade zone as the three countries haggle
over proposed changes.
* Technology rose 0.9% on Tuesday, led by a gain of 6.2% for
the shares of electronic equipment company Celestica Inc ( CLS )
.
* Heavily weighted financials added 0.8%, while the
materials group was up 0.6% as copper prices rose.
* The price of oil settled 1.8% lower at $69.50 a
barrel and has given up nearly all of its advance since the
start of the U.S.-Iran war at the end of February.
* Energy dipped 0.2% and consumer staples ended
1.1% lower.
* The TSX is set to be closed on Wednesday for Canada Day.