CANADA STOCKS-TSX edges toward six-month high

Fri Feb 24, 2012 1:09pm EST
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* TSX up 20.60 pts, or 0.2 pct, at 12,751.88

* Highest level since Sept. 1, 2011

* Energy gains pared by gold miners

* U.S. housing data mixed

By Jon Cook

TORONTO, Feb 24 (Reuters) - Toronto's main stock index edged closer to a six-month high at midday on Friday as higher oil prices boosted oil and gas issues, but gains were limited by a slump in gold miners and soft U.S. housing data.

Most of the index's 10 main sectors rose on Friday, led by oil and gas producers, which climbed 0.3 percent as Brent crude rose towards $124 a barrel on concern over cuts in Iranian oil supply. Brent has risen more than 11 percent so far this month.

Suncor Energy led the group, rising 1.7 percent to C$37. Nexen Inc shares climbed 2.1 percent to C$21.30 after the energy producer said oil production began at its Usan field in offshore West Africa.   Continued...