CANADA STOCKS-TSX ends higher as oil and gold prices climb

By Sanchayaita Roy and Fergal Smith

May 6 (Reuters) - Canada's commodity-linked main stock index rose on Tuesday as oil and gold prices climbed, but the move was limited after the meeting between Canadian Prime Minister Mark Carney and U.S. President Donald Trump yielded no concrete trade policy shifts.

Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended up 21.2 points, or 0.1%, at 24,974.72 but stopping short of the one-month high closing level it posted on Friday.

U.S. stocks retreated as comments from Trump and Treasury Secretary Scott Bessent provided little clarity as to whether any trade deals were on the horizon.

Carney said no decisions were made on tariffs during his meeting with Trump.

"A lot of the ebbs and flows in the market these days is still dependent on the tariff rhetoric but at some point over the next few months, we're going to see how much damage has actually been caused by tariffs or the uncertainty around it," said Josh Sheluk, portfolio manager at Verecan Capital Management.

Canada's trade deficit narrowed to C$506 million ($366.34 million) in March, beating expectations as imports fell at a faster rate than the drop in exports.

The price of oil, one of Canada's major exports, recouped some recent declines on signs of higher demand in Europe and China.

U.S. crude oil futures CLc1 settled 3.4% higher at $59.09 a barrel, which gave the TSX's energy sector a boost.

It rose 1.1% and the materials group, which includes metal miners, was up 3.2% as the price of gold XAU= climbed above $3,400 per ounce.

Industrials and heavily weighted financials both ended 0.4% lower and technology lost 1.3%. It was weighed by a 4.9% decline in the shares of e-commerce company Shopify Inc SHOP.TO.