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Canada's main stock index opened higher on Monday as shares of material companies were boosted by higher gold prices, ahead of this week's US Federal Reserve meeting where investors widely expect an interest rate cut.

At 9:34 a.m. ET (13:34 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 2.95 points, or 0.02pc, at 16,533.99.

Copyright Reuters, 2019

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