July 22 (Reuters) - Canada's main stock index reversed early losses to trade higher on Wednesday, driven by precious metal miners and as Bombardier jumped after securing a loan of up to $1 billion and improving its cash usage.
* At 9:45 a.m. ET (13:45 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 19.14 points, or 0.12%, at 16,182.1.
* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, jumped 1.3% as gold futures GCc1 rose 0.7% to $1,854.8 an ounce, hitting a nine-year peak. GOL/
* Canada's annual inflation rate in June posted its biggest jump in more than nine years as restrictions imposed to curb the coronavirus outbreak were lifted, Statistics Canada said. The energy sector .SPTTEN dropped 2.3% as U.S. crude CLc1 prices were down 1.4% a barrel, while Brent crude LCOc1 lost 1.2%. O/R
* The financials sector .SPTTFS slipped 0.2%. The industrials sector .GSPTTIN rose 0.5%, with Canadian Pacific Railway CP.TO firming 3% after reporting second-quarter profit above analysts' estimates. On the TSX, 117 issues were higher, while 99 issues declined for a 1.18-to-1 ratio favoring gainers, with 12.49 million shares traded.
* The largest percentage gainers on the TSX were Aurinia Pharmaceuticals Inc AUP.TO , which jumped 9.7%, and First Majestic Silver Corp FR.TO , which rose 7.1% after National Bank of Canada hiked the price target for the stock.
* Rogers Communications Inc RCIb.TO fell 5.7%, the most on the TSX, after the media company posted disappointing Q2 results and the second-biggest decliner was Vermilion Energy Inc VET.TO , down 4.2%
* The most heavily traded shares by volume were Zenabis Global Inc ZENA.TO , up 6.3%; Bombardier Inc BBDb.TO , up 4.4% and Northern Dynasty Minerals Ltd NDM.TO , up 7.1%. The TSX posted 10 new 52-week highs and no new lows.
* Across all Canadian issues there were 40 new 52-week highs and one new low, with total volume of 31.34 million shares.