(Adds details from early trade, updates prices)
* TSX up 11.31 points, or 0.08 percent, at 14,048.85
* Six of the TSX's 10 main groups lower
TORONTO, June 13 (Reuters) - Canada's main stock index
inched higher on Monday as gold miners and other materials
stocks gained on fading expectations for a U.S. interest rate
hike and global jitters about whether Britain will vote to leave
the European Union.
Financial stocks weighed heavily, following Asian and
European shares lower as investors worried that a "Brexit" could
tip Europe back into recession.
Brookfield Asset Management BAMa.TO declined 2.5 percent
to C$44.43. Bank of Montreal BMO.TO declined 0.5 percent to
C$82.74 and Bank of Nova Scotia BNS.TO fell 0.4 percent to
C$65.02.
Gold prices hit their highest since mid-May on the back of
the fading risk appetite, helping Barrick Gold Corp ABX.TO
jump 3.2 percent to C$25.79. Fertilizer company Potash Corp
POT.TO advanced 4.1 percent to C$22.58.
Turquoise Hill Resources Ltd TRQ.TO advanced 17.9 percent
to C$4.34 after providing a business update last week.
The materials group, which includes precious and base metals
miners and fertilizer companies, added 1.9 percent.
At 10:20 a.m. EDT (1420 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE rose 11.31 points, or 0.08
percent, to 14,048.85.
Six of the index's 10 main groups were in negative
territory, with advancing and declining stocks evenly balanced.
Penn West Petroleum Ltd PWT.TO soared 44.8 percent to
C$1.68 as multiple brokerages upped their target prices on the
company after it said it would sell its Saskatchewan assets for
$975 million on Friday.
The energy group climbed 1 percent, while financials slipped
0.2 percent. Industrials fell 0.5 percent.
U.S. crude CLc1 prices were down 0.4 percent to $48.88 a
barrel, while Brent LCOc1 lost 0.5 percent to $50.27. O/R
Gold futures GCc1 rose 0.6 percent to $1,281.6 an ounce
and copper prices CMCU3 advanced 1.5 percent to $4,578 a
tonne. GOL/ MET/L