CANADA STOCKS-TSX ends up for seventh straight day as railroad shares rise

By Sanchayaita Roy and Fergal Smith

May 14 (Reuters) - Canada's main stock index climbed to a three-month high on Wednesday, but the move was modest as momentum from recent cooling of trade tensions faded and amid prospects of continued economic uncertainty.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended up 75.59 points, or 0.3%, at 25,692.45, its highest closing level since February 13.

It was the seventh-straight day of gains for the index, which is the longest daily winning streak since January.

The S&P 500 flitted between gains and losses before closing slightly higher. A smaller-than-expected rise in U.S. consumer prices last month and a truce in the U.S.-China trade war have boosted investor sentiment in recent days.

"I think all the markets are taking a little bit of a breather now after the recent rallies", said Michael Sprung, president at Sprung Investment Management.

"The inflation reading and the U.S.-China situation buoyed the market in the immediate past but ... expectations of what is likely to happen are becoming more and more uncertain."

The industrials sector rose 1.5% as railroad shares notched gains. Shares of e-commerce company Shopify Inc SHOP.TO added 3.8%, which helped lift the technology sector by 1.3%.

The materials sector, which includes metal mining shares, was a drag, falling 1.8%, as gold XAU= and copper HGc1 prices fell.

The price of oil CLc1 was also down, settling 0.8% lower at $63.15 a barrel, after data showed U.S. crude oil stockpiles rose unexpectedly last week. Energy lost 0.8%.