Updates with market opening prices

By Ragini Mathur

Feb 10 (Reuters) - Canada's main stock index rose on Monday, led by metal mining shares, as gold prices hit an all-time high after U.S. President Donald Trump's latest tariff plans.

The S&P/TSX composite index .GSPTSE was up 0.9% at 25,674.26.

The materials sector .GSPTTMT gained 1.9% after gold prices rose to a record high, as safe-haven demand for the precious metal surged on fears of a global trade war after Trump's new tariff plans.GOL/

Trump is expected to introduce 25% tariffs later on Monday on all steel and aluminum imports.

Canada is the largest source of U.S. steel imports and the top supplier of primary aluminum, contributing 79% of total aluminum imports in the first 11 months of 2024.

Trump is also expected to announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each country.

Energy .SPTTEN rose 1.5% as oil prices rebounded on Monday despite lingering fears over a potential global trade war.O/R

Canadian government 10-year bond yields CA10YT=RR fell 5 basis points to 3.024%, mirroring its U.S. counterpart. The Canadian dollar CAD= was trading 0.2% lower at C$1.4331 to the greenback.

"The TSX index could remain volatile as investors await more details on the proposed tariffs and their consequences for Canadian industries," said Graham Priest, investment adviser at BlueShore Financial.

In corporate news, Toronto-Dominion Bank's TD.TO shares advanced 3.6% after the bank said it will sell its 10.1% stake in U.S. financial services firm Charles Schwab SCHW.N as part of a strategic review following a landmark U.S. fine.

MDA Space MDA.TO climbed 10.6% after the space technology company expanded its contract with telecom infrastructure provider Globalstar GSAT.A to develop the next generation of low Earth orbit satellites, bringing the total contract value to about C$1.1 billion ($767.19 million). ($1 = 1.4329 Canadian dollars)

(Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed)

((Ragini.Mathur@thomsonreuters.com;))