CANADA STOCKS-TSX rises on economic data, but Greek worry nags

Wed Feb 15, 2012 12:26pm EST
 
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* TSX up 28.22 pts, or 0.2 pct, at 12,382.69

* Materials, energy shares rise, financials drag

* Greek bailout deal delay weighs

* Global data, China comments boost sentiment

By Jon Cook

TORONTO, Feb 15 (Reuters) - Canadian stocks were higher at midday on Wednesday on encouraging economic data and news that China would continue to buy up European debt, but enthusiasm was tempered by reports that Greece's debt bailout may be delayed.

Greece approved painful austerity measures on Sunday to secure another European Union debt bailout but sources said the deal may now be delayed until after Athens holds elections in April.

That was enough to keep nervous investors on the sidelines as any delay would endanger Greece's ability to finance 14.5 billion euros ($19 billion) in bond redemptions due next month.   Continued...