CANADA STOCKS-TSX surges as Greek deal boosts mining, energy shares

Tue Feb 21, 2012 11:30am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 139.89 pts, or 1.1 pct, at 12,598.19

* Highest level since Feb 3

* Greek debt deal lifts risk appetite

* Domestic economic data mixed

By Jon Cook

TORONTO, Feb 21 (Reuters) - Canada's main stock index was sharply higher on Tuesday morning as mining and energy issues surged after euro zone finance ministers sealed a bailout package for Greece, overshadowing weak Canadian retail sales data.

European officials finalized a 130 billion euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and for private bondholders to accept deeper losses.

The deal means Greece will not default on 14.5 billion euro in bond redemptions due on March 20.   Continued...