CANADA STOCKS-U.S. economic data helps boost TSX

Thu Nov 5, 2009 10:40am EST
 
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 * TSX up 12.46 points, or 0.11 percent, at 11,083.66
 * U.S. economic data helps index higher
 * Sun Life, Manulife fall after earnings reports
 (Adds details, quote)
 TORONTO, Nov 5 (Reuters) - Toronto's main stock index was
higher on Thursday morning as U.S. economic data helped to lift
investor spirits about the pace of economic recovery.
  The U.S. figures showed third-quarter business
productivity grew at the fastest pace in six years and that new
claims for jobless aid fell to a 10-month low last week,
indicating the decline in the labor market may be hitting
bottom. [ID:nN05106320]
 Among the top Toronto gainers were Royal Bank of Canada
(RY.TO: Quote), up 0.8 percent at C$54.67, and Toronto-Dominion Bank
(TD.TO: Quote), which climbed 0.4 percent to C$63.25. Teck Resources
(TCKb.TO: Quote) was up 2.7 percent at C$32.70.
 "There's was a lineup of good numbers at the macroeconomic
level," said Francis Campeau, broker at MF Global Canada, in
Montreal.
 At 10:17 a.m. (1517 GMT), the S&P/TSX composite index
.GSPTSE was up 12.46 points, or 0.11 percent, at 11,083.66,
with seven of its 10 main groups higher.
 Research In Motion RIM.TO rose 1.7 percent to C$62.40
after the BlackBerry maker announced a share buyback worth up
to $1.2 billion. [ID:BNG285489]
 Insurer Sun Life Financial Inc (SLF.TO: Quote) was down 5.2
percent at C$28.56 and Manulife Financial Corp (MFC.TO: Quote) fell
2.4 percent to C$20.09. Both reported profit drops on Thursday.
[ID:nN04548767] [ID:nN049268]
 Lower oil and gold prices also pressured some
commodity-linked shares including Canadian Natural Resources
CNQ.TO, down 2 percent at C$67.23. Canadian Natural reported
a lower quarterly profit on Thursday.
 ($1=$1.06 Canadian)
 (Reporting by Jennifer Kwan; editing by Peter Galloway)