(New throughout, updates prices and market activity to close,
adds fund manager comment, Fed details)
* TSX ends up 39.22 points, or 0.28 percent, at 13,923.45
* Seven of the TSX's 10 main groups rise
By Alastair Sharp
TORONTO, June 15 (Reuters) - Canada's benchmark stock index
closed higher on Wednesday after five days of declines, with
miners and other materials stocks leading a broad but subdued
rebound as the U.S. Federal Reserve hinted at a less aggressive
outlook for interest rates.
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE closed up 39.22 points, or 0.28 percent, at 13,923.45,
lifting it off a near one-month low.
"Essentially everything is flat except for materials," said
Manash Goswami, a portfolio manager at First Asset Investment
Management Inc, pointing to a dovish Fed as supportive for gold.
"There is also a lot of uncertainty coming up with the
Brexit vote next week," he said, referring to a June 23 British
vote on whether to leave the European Union.
Worries that Britain, the world's fifth-largest economy,
could quit the EU have dominated markets this week and driven
investors towards safe-haven assets such as gold.
He said that he likes defensive sectors such as utilities,
telecoms and consumer staples given a tepid economic growth
outlook.
The most influential gainers on the day included Barrick
Gold Corp ABX.TO , which jumped 4.3 percent to C$26.52, and
Goldcorp Inc G.TO lost 3.6 percent to C$23.55.
The materials group, which includes precious and base metals
miners and fertilizer companies, gained 2.8 percent, with Teck
Resources Ltd TCKb.TO up 5.3 percent at C$14.91 and First
Quantum Minerals Ltd FM.TO adding 5.8 percent to C$8.64.
On the other side of the ledger, Suncor Energy Inc SU.TO
fell 0.6 percent to C$33.96 and Cenovus Energy Inc CVE.TO lost
1.6 percent to C$18.46, while the overall energy group dipped
0.3 percent as oil prices fell for a fifth straight day. O/R
Suncor, Canada's largest crude producer, told employees the
massive wildfire that struck northern Alberta in May will cost
it nearly C$1 billion, according to two sources.
The financials group slipped 0.2 percent and industrials
rose 0.4 percent. Seven of the index's 10 main groups rose and
advancers outnumbered decliners by 3-to-2.
Canadian manufacturing sales grew by a greater-than-expected
1.0 percent in April from March after two consecutive
month-on-month declines, data from Statistics Canada indicated
on Wednesday. ECONCA
(Editing by Chizu Nomiyama and David Gregorio)