* TSX ends up 0.2% at 34,155.99
* Posts highest closing level since March 2
* Technology sector adds 3.6%
* BRP tumbles 35.4% after suspending guidance
(Updates to the close of markets)
By Tharuniyaa Lakshmi and Fergal Smith
TORONTO, April 15 (Reuters) - Canada's main stock index
edged up to a six-week high on Wednesday as investors weighed
prospects of a resolution to the conflict in the Middle East,
but declines for energy and metal mining shares helped limit
gains.
The S&P/TSX Composite Index ended up 53.63 points,
or 0.2%, at 34,155.99, marking its highest closing level since
March 2, when the index posted a record high.
U.S. President Donald Trump said the war he launched with Israel
on Iran was close to over, as the army chief of mediator
Pakistan arrived in Tehran to try to prevent a renewal of the
conflict.
"Markets are taking their cues from developments around Iran
... but Canada's oil-heavy exposure means softer crude prices
are limiting how far the rebound can go," said Brian Madden,
chief investment officer at First Avenue Investment Counsel.
The technology sector rose 3.6%, with shares of
e-commerce company Shopify ( SHOP ) adding 8.1%.
Heavily weighted financials ended 0.9% higher.
Four of 10 major sectors lost ground, including energy
, which was down 0.5%.
The price of oil, one of Canada's major exports,
settled 1 cent higher at $91.29 a barrel but was trading well
below the peak levels it reached in recent weeks.
The materials group, which includes metal mining shares,
fell 1.8% as the price of gold fell.
Shares of BRP tumbled 35.4%. The powersports
products company suspended its guidance following a recent
amendment to U.S. sectoral tariffs.
BRP's decline weighed on the consumer discretionary sector
, which fell 2%.