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(Updates prices, adds comment)
By Amal S
Oct 13 (Reuters) - Canada's main stock index jumped on Wednesday, boosted by miners and technology stocks, although a 1% slide in the energy sector limited further gains.
At 9:50 a.m. ET (1350 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 51.84 points, or 0.25%, at 20,488.96.
Technology stocks jumped 1.4%, led by Blackberry Ltd, which was among the top gainers on the index. The sub-sector index also tracked gains in U.S. tech-heavy Nasdaq.
The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.3% as gold futures rose 1.0% to $1,776 an ounce.
The energy index dropped 1.5% as crude prices edged down on increasing expectations that oil demand growth will fall as inflation and supply chain issues strain major economies.
Investors took profits in energy shares on Tuesday and that could extend in the current session, given that big energy and natural gas companies had a really good run to start the year, Gregory Taylor, portfolio manager at Purpose Investments, said.
Still, he said, oil prices hovering around $80 bode well for such companies.
The Canadian equity index has gained 17.5% so far this year on hopes of a steady economic recovery, but it has recently lost steam on concerns around higher inflation and a slowdown in global growth.
In the United States, a report showed consumer prices increased solidly in September and are poised to rise further in the months ahead amid a surge in the costs of energy products.
The data could cast doubts on the Federal Reserve's view that high inflation is transitory.
Eldorado Gold Corp and Blackberry Ltd were the largest percentage gainers on the TSX.
The TSX posted three new 52-week highs and no new lows.
Across all Canadian issues there were 18 new 52-week highs and 11 new lows, with total volume of 48.79 million shares. (Reporting by Amal S in Bengaluru, additional reporting by Lisa Pauline Mattackal; editing by Uttaresh.V)