CANADA STOCKS-TSX gains as U.S. data lifts economic hopes

Tue Mar 13, 2012 4:51pm EDT
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* TSX up 109.68 points, or 0.88 pct, at 12,537.69

* U.S. retail data boosts investor confidence

* Fed says recent strains on financial markets easing

* 9 of 10 key index sectors higher; gold miners weigh

By Jennifer Kwan

TORONTO, March 13 (Reuters) - Toronto's main stock index climbed on Tuesday after the U.S. Federal Reserve said it has seen recent signs of strength in the economy, while upbeat U.S. retail sales data soothed fears about the health of the global recovery.

The Toronto index followed U.S. stocks, which also got a lift from the better than expected February U.S. retail sales report.

"The consumer is contributing to the majority of GDP growth so retail business is very important," said Marcus Xu, director of equity investments at Genus Capital Management in Vancouver.   Continued...