(Updates with market opening prices)

By Ragini Mathur

Feb 10 (Reuters) - Canada's main stock index rose on

Monday, led by metal mining shares, as gold prices hit an

all-time high after U.S. President Donald Trump's latest tariff

plans.

The S&P/TSX composite index was up 0.9% at

25,674.26.

The materials sector gained 1.9% after gold

prices rose to a record high, as safe-haven demand for the

precious metal surged on fears of a global trade war after

Trump's new tariff plans.

Trump is expected to introduce 25% tariffs later on Monday

on all steel and aluminum imports.

Canada is the largest source of U.S. steel imports and the

top supplier of primary aluminum, contributing 79% of total

aluminum imports in the first 11 months of 2024.

Trump is also expected to announce reciprocal tariffs on

Tuesday or Wednesday, to take effect almost immediately,

applying them to all countries and matching the tariff rates

levied by each country.

Energy rose 1.5% as oil prices rebounded on Monday

despite lingering fears over a potential global trade war.

Canadian government 10-year bond yields fell 5

basis points to 3.024%, mirroring its U.S. counterpart. The

Canadian dollar was trading 0.2% lower at C$1.4331 to the

greenback.

"The TSX index could remain volatile as investors await more

details on the proposed tariffs and their consequences for

Canadian industries," said Graham Priest, investment adviser at

BlueShore Financial.

In corporate news, Toronto-Dominion Bank's ( MLWIQXX ) shares

advanced 3.6% after the bank said it will sell its 10.1% stake

in U.S. financial services firm Charles Schwab ( SCHW ) as part

of a strategic review following a landmark U.S. fine.

MDA Space ( MDALF ) climbed 10.6% after the space technology

company expanded its contract with telecom infrastructure

provider Globalstar ( GSAT ) to develop the next generation of

low Earth orbit satellites, bringing the total contract value to

about C$1.1 billion ($767.19 million).

($1 = 1.4329 Canadian dollars)