CANADA STOCKS-TSX little changed as Greek deal remains elusive
(Adds details, analyst comments)
* TSX up 8.6 pts, or 0.1 pct, at 12,521.02
* Financials rise, miners fall
* Greek deal optimism fades
By Jon Cook
TORONTO, Feb 8 (Reuters) - Canadian stocks closed little changed on Wednesday as hopes for a Greek debt deal lifted financial shares, which were offset by losses among miners after some discouraging European economic data.
Marathon negotiations between Greece and its creditors to secure a 130-billion-euro ($172 billion) bailout that would ensure Athens can cover massive bond redemptions that come due next month failed to yield a deal.
"The market is going to go sideways until something is clear cut," said John Ing, president of Maison Placements Canada. "The reality of it is there hasn't been a deal."
Canadian stocks finished marginally up, led by a 0.5 percent rise in financials as banks welcomed the more positive Greek tone. Royal Bank of Canada was the best performer among the major banks, rising 0.6 percent to C$53.93. Bank of Montreal was up 0.8 percent to C$58.60. Continued...