(Adds details on specific stocks, updates prices)
* TSX up 4.6 points, or 0.03 percent, to 15,495.09
* Six of the TSX's 10 main groups move higher
TORONTO, March 20 Canada's benchmark stock index
edged higher on Monday, helped by gold miners as bullion rose
and a surge in acquisition target Dominion Diamond Corp
, with gains muted by financial stock declines and
energy companies weighed by lower oil prices.
Dominion shares jumped 22.6 percent to C$16.19 after
Washington Companies said on Sunday it had previously made a
proposal to acquire the mining company for $13.50 (C$18.03) a
Barrick Gold, the world's largest gold producer, rose 0.8
percent to C$25.34 as gold prices scaled a two-week peak.
Smaller miner Agnico Eagle Mines Ltd added 1.5 percent
Gold rose and the U.S. dollar and bond yields fell after a
G20 weekend summit that was dominated by the U.S.
administration's protectionist stance on global trade.
Lower bond yields helped dividend-paying telecom stocks
notch strong gains for a second straight session, while
financial stocks that benefit from a rising interest rate
environment pulled back.
At 10:17 a.m. ET (1417 GMT), the Toronto Stock Exchange's
S&P/TSX composite index rose 4.6 points, or 0.03
percent, to 15,495.09. Six of the index's 10 main groups were in
Manulife Financial Corp fell 0.8 percent to C$23.95
and Bank of Montreal declined 0.5 percent to C$100.45.
The index's heavyweight energy group retreated 0.4 percent,
with oil prices falling as investors unwound bets on higher
prices because of concerns that higher U.S. crude output could
hamper an OPEC-led production cut deal.
Canadian Natural Resources slipped 0.4 percent to
C$43.49 and Crescent Point Energy Corp declined 1
percent to C$14.17.
The materials group, which includes precious and base metals
miners and fertilizer companies, added 0.8 percent.
Canada's finance minister will give an update on the deficit
when he presents the federal budget on Wednesday, hoping to
flesh out plans to spend the way to growth without drawing the
wrath of debt rating agencies and businesses struggling to
Canadian wholesale trade in January unexpectedly soared by
3.3 percent, its biggest monthly advance in more than seven
years, on stronger sales of motor vehicles and parts, Statistics
Canada data indicated on Monday.
(1 Canadian dollar = $0.7487)
(Reporting by Alastair Sharp; Editing by Meredith Mazzilli)