CANADA STOCKS-TSX inches up as miners boosted by China data

Fri Dec 14, 2012 4:45pm EST
 
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* TSX ends up 7.55 points, or 0.06 percent, at 12,296.72

* Index notched a 1.1 percent gain for the week

* Dundee jumps 13.7 pct on real estate spin-off plan

* Global data paints picture of uneven recovery

By Alastair Sharp

TORONTO, Dec 14 (Reuters) - The main Canadian stock index edged higher on Friday as healthy Chinese data provided a shot in the arm for mining companies, obscuring a broader decline as investors retreated over stalled U.S. budget talks.

China's vast manufacturing sector expanded in December at its fastest pace in 14 months as new orders and employment rose, a survey showed on Friday.

"Materials did well; financials, oil and gas, just about everything else was off," said Pat McHugh, Canadian equity strategist at Manulife Asset Management, crediting the Chinese data with boosting the materials sector, which includes miners.   Continued...