CANADA STOCKS-TSX rises on telecom, tech boost; Trump's latest tariffs eyed

Updates with market opening prices

By Ragini Mathur

Feb 13 (Reuters) - Canada's main stock index rose on Thursday, with broad gains led by telecom and tech shares, although U.S. President Donald Trump's recent reciprocal tariff proposals limited the overall increase.

The S&P/TSX composite index .GSPTSE was up 0.2% at 25,618.60.

A majority of subsectors were trading higher, led by capped communication .GSPTTTS jumping 1.7%, helped by a 3.7% rise in Telus T.TO after the communications technology company's fourth-quarter revenue beat market expectations.

Technology .SPTTTK also led the charge with a 1.7% jump, boosted by e-commerce company Shopify's 3.7% gain.

Canada's 10-year benchmark yield CA10YT=RR eased, tracking the U.S. counterpart, helping utilities .GSPTTUT and real estate .GSPTTRE add 1.2% and 0.8%, respectively.

However, Donald Trump's plan to unveil reciprocal tariffs on Thursday afternoon kept investors on edge.

"We're going to be seeing a lot more volatility and uncertainty continuing in the market and I think everyone is walking on egg shells to try to figure out what is going to happen here," said Shiraz Ahmed, senior portfolio manager and founder of Sartorial Wealth at Raymond James as he referenced Trump's plans on reciprocal tariffs.

Financials .SPTTFS declined 0.5%, dragged by Sun Life Financial SLF.TO falling 8.3% to the bottom of the TSX after Canada's second-largest life insurer fourth-quarter profits missed expectations.

Kinross Gold K.TO shed 6.2% after the company reported fourth-quarter results, pulling the materials group .GSPTTMT down 0.6%.

Stateside, Wall Street main indexes moved higher on Thursday as investors parsed the latest producer prices data that rose slightly more than expected, suggesting inflation was picking up again. .N