CANADA STOCKS-TSX gets boost as Greece hope lifts resources
* TSX up 57.77 points, or 0.47 pct, at 12,407.93
* Nine of 10 sectors higher
* Bank of Canada holds rate, sees improved outlook
By Jennifer Kwan
TORONTO, March 8 (Reuters) - Toronto's main stock index rose on Thursday morning as commodity prices climbed on optimism that Greece would complete a critical private bond swap deal so that it can avoid a messy debt default.
Hope that Greece would get the deal done lifted prices for oil, copper, gold and other commodities along with commodity-linked currencies such as the Canadian dollar.
The Canadian currency's rally against the U.S. dollar on Thursday morning was also helped by a more upbeat outlook for the Canadian and global economies from the Bank of Canada, which nevertheless kept its key interest rate a low 1 percent, as anticipated.
Leaders on the Toronto index included Canadian Natural Resources Ltd, up 0.6 percent at C$35.34, after the independent oil explorer swung to a fourth-quarter profit and raised its dividend. Suncor Energy rose nearly 1 percent to C$34.04. Continued...