(Updates at market close)

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TSX ends up 1% at 30,416.44,

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Nine of 10 major sectors notch gains

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Materials group gains 2.3% as gold rallies

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Canada offers tariff relief on some products

By Ragini Mathur and Fergal Smith

TORONTO, Oct 20 (Reuters) - Canada's main stock index

rebounded on Monday, with metal mining shares leading

broad-based gains as concerns eased over an escalating global

trade war.

The S&P/TSX composite index ended up 307.96

points, or 1%, at 30,416.44, after posting declines on Thursday

and Friday.

Wall Street indexes also rose as investors braced for a wave

of corporate earnings.

"After last week's volatility, Canadian equities are

starting strong, supported by robust corporate results from the

U.S. and positive trade developments between the U.S. and

China," said Angelo Kourkafas, a senior global investment

strategist at Edward Jones.

"While near-term challenges persist, the limited market

pullback reflects investor optimism for 2026."

U.S. President Donald Trump said he expects to reach a fair

trade deal with Chinese President Xi Jinping and downplayed

risks of a clash between the countries over the issue of Taiwan.

Canada offered tariff relief on some steel and aluminum

products imported from the United States and China, a government

document showed, in an effort to help domestic businesses

battered by a trade war on two fronts.

The materials group, which includes fertilizers and

metal mining companies, gained 2.3% as the price of gold

touched another record high. Shares of copper and gold

exploration company NGEx Minerals Ltd ( NGXXF ) added 12.7%.

Heavily weighted financials advanced 0.8% and

industrials were up 0.8%.

Nine of 10 major sectors ended higher. Consumer staples

was the exception, falling 0.7%.

Shares of food and pharmacy retailer Loblaw Companies

Limited ( LBLCF ) ended 1.5% lower, snapping an eight-day winning

streak.