TSX opens higher as gold powers gains in material stocks


May 27 (Reuters) - Canada's main stock index rose at the open on Monday led by materials companies as gold prices hit a more than one-week peak and trade tensions between the United States and China boosted appetite for safe-heaven assets.

* At 9:30 a.m. EDT (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 11.40 points, or 0.07%, at 16,241.44.

(Reporting by Agamoni Ghosh in Bengaluru; Editing by Jeffrey Benkoe)

((Agamoni.Ghosh@thomsonreuters.com; +918067491130; Reuters Messaging: Agamoni.Ghosh.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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