CANADA STOCKS-TSX edges up as tech gains outweigh tariff-related jitters

Updates with market opening prices

By Ragini Mathur

Jan 22 (Reuters) - Canada's main stock index edged higher on Wednesday, helped by technology shares, as strong U.S. corporate earnings offset uncertainties related to trade tariffs.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 0.08% at 25,302.11, and could log its seventh straight winning session if gains hold.

Information technology .SPTTTK stocks led the charge with a 1.2% rise. Consumer staples .GSPTTCS added 0.8%.

But gains were capped by communications .GSPTTTS and utilities .GSPTTUT, which lost 0.9% and 0.7%, respectively.

On Wall Street, Nasdaq led gains among the main indexes on Wednesday as investors cheered streaming giant Netflix's strong quarterly performance and U.S. President Donald Trump's multi-billion dollar support to bolster AI infrastructure. .N

"U.S. is a big market for Canada as well, and potential tax cuts and more business friendly environment also help sentiment for TSX companies that have a big presence in the U.S.," said Angelo Kourkafas, investment strategist at Edward Jones Investments.

Trump has advocated for tax cuts and looser regulation that could boost corporate profits. But he has also proposed sweeping trade tariffs, which include a 25% tax on imports from Canada beginning on Feb. 1.

"No doubt the 25% tariff news have triggered some volatility, but at the same time, we have seen the TSX hold up pretty steady and stable," Kourkafas said.

Domestic producer prices in December, released on Wednesday, were up 0.2% because of more expensive motorized and recreational vehicles, as well as primary non-ferrous metals products, Statistics Canada said.

Among individual stocks, electronics manufacturer Celestica CLS.TO rose 8% to the top of the index. Capstone Copper CS.TO fell the most at 3.6% after brokerage Scotiabank cut its price target on the stock.

(Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed)

((Ragini.Mathur@thomsonreuters.com;))