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By Reuters Staff 3 Min Read Feb 1 (Reuters) - Canada’s main stock index rose on Monday, buoyed by materials stocks as retail traders piled into silver in a frenzy kicked off by U.S. social media users last week. Silver broke above $30 an ounce for the first time since 2013 as traders switched their focus from mission “Gamestonk” and triggering fears of a multi-asset melt-up in global markets. At 9:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 230.66 points, or 1.33%, at 17,567.68. Canadian factory activity grew at the slowest pace in six months in January, data showed on Monday, highlighting challenges to the economy as restrictions to contain the coronavirus pandemic threaten to slow activity.

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