CANADA STOCKS-TSX pares losses on Greek deal hopes

Tue Feb 7, 2012 11:53am EST
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(Updates numbers, adds details, analyst comments)

* TSX down 31.21 pts, or 0.3 pct, at 12,528.64

* Touches February low of 12,424.75

* Greek debt talks help ease worries

* Sluggish Chinese demand weigh

By Jon Cook

TORONTO, Feb 7 (Reuters) - Toronto's main stock index pared losses after hitting a February low on Tuesday midday, after mining and energy issues rebounded on renewed optimism over a Greek debt deal, which helped offset worries about sluggish Chinese demand.

Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal needed to avoid a debt default.

The news brightened the market mood somewhat, though skepticism remained.   Continued...