CANADA STOCKS-Toronto stocks rise as tech stocks rebound after selloff

Updates with market opening prices

By Ragini Mathur

Jan 28 (Reuters) - Canada's main stock index rose on Tuesday, as information technology shares rebounded a day after a selloff triggered by a Chinese artificial intelligence model.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 0.3% at 25,375.8.

Information technology .SPTTTK, which took a significant hit on Monday, rose 3% on Tuesday.

Electronics firm Celestica CLS.TO rose 6.1% after it sank 28% in the prior session, its worst day on record. E-commerce firm Shopify SHOP.TO rose 9%.

A tech-driven selloff rattled global equity markets on Monday, as a low-cost Chinese artificial intelligence model triggered doubts about the dominance of current AI leaders and their suppliers.

"There's a reasonable likelihood that you could see a bit of a bounce in some of the worst sold off names yesterday," said Brian Madden, chief investment officer at First Avenue Investment Counsel.

The index of gold companies .SPTTGD rose 0.3%, but utilities .GSPTTUT fell nearly 1%. Canadian 10-year benchmark yield CA10YT=RR rose 3.22% after two successive sessions of declines.

Investor focus has now shifted to the Bank of Canada and the U.S. Federal Reserve. Both central banks are scheduled to announce their first interest rate decisions of the year on Wednesday.

The BoC is expected to cut rates by 25 basis points, and the Fed is anticipated to hold rates steady.

The policy verdicts come ahead of Donald Trump's February 1 date for potential trade duties on countries including Canada.