CANADA STOCKS-TSX ends down as earnings overshadow Greek deal

Thu Feb 9, 2012 5:04pm EST
 
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(Adds details, analyst comments)

* TSX ends down 23.08 pts, or 0.2 pct, at 12,497.94

* Financials fall on Manulife earnings

* BCE's slide hurts telecoms

* Market unswayed by Greek bailout deal, U.S. data

By Jon Cook

TORONTO, Feb 9 (Reuters) - Toronto's main stock index ended lower on Thursday as it brushed off optimism generated by a long-awaited Greek bailout deal and strong U.S. jobs data, and moved instead on some weak earnings in the financial and telecom sectors.

The TSX has rallied more than 4 percent so far this year, after ending 2011 down more than 11 percent, thanks largely to a slowly improving U.S. economy and the absence of further bad news from Europe.

That formula appeared intact on Thursday as a report showed weekly U.S. jobless claims fell and Athens finally agreed to adopt new austerity measures in exchange for a 130 billion euro ($172 billion) aid package in a bid avoid a debt default.   Continued...