CANADA STOCKS-TSX shrugs off weak U.S. data and rises

Tue Feb 28, 2012 12:45pm EST
 
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* TSX up 26.75 pts, or 0.2 pct, to 12,727.13

* Materials, financials lift index

* SNC Lavalin shares plunge 22 pct

* U.S. economic data weighs

* New round of ECB loans lifts hope

By Jon Cook

TORONTO, Feb 28 (Reuters) - Toronto' main stock index was higher at midday on Tuesday as resource issues rose on higher metals and oil prices, shrugging off disappointing U.S. economic data and some soft earnings.

The index's heavily weighted materials group led gains, rising 1 percent as mining issues benefited from higher gold, silver and copper prices.   Continued...