CANADA STOCKS-TSX ticks higher on German, U.S. data

Tue Mar 13, 2012 10:39am EDT
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* TSX up 11.90 points, or 0.1 pct, at 12,439.91

* Europe, U.S. data boosts investor confidence

* Seven of 10 key sectors higher

By Jennifer Kwan

TORONTO, March 13 (Reuters) - Toronto's main stock index edged slightly higher on Tuesday morning, tracking firmness in global markets after German and U.S. data soothed concerns about the health of the global economy.

Investor sentiment about the economic outlook in Europe was bolstered after euro-zone finance ministers gave final approval to a second bailout for Greece and data in Germany showed analyst and investor sentiment rose significantly more than expected in March.

"It looks like the Europeans are trying to get their house in order. It isn't going to happen overnight, but nevertheless they're making steps in the right direction," said Fred Ketchen, director of equity trading at ScotiaMcLeod.

At 10:25 a.m. (1425 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 11.90 points, or 0.1 percent, at 12,439.91, with seven of its 10 key sector higher.   Continued...