CANADA STOCKS-TSX up after 2 days down; metal prices support

Wed Mar 10, 2010 10:35am EST
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* TSX up 48.14 points, or 0.4 percent, at 11,966.85

* China trade data helps lift miners

* Quebecor rises 1.2 percent after profit reported (Adds details, quote)

By Jennifer Kwan

TORONTO, March 10 (Reuters) - Toronto's main stock market index edged higher on Wednesday after two days of losses as stronger-than-expected trade data from China helped to boost metal prices.

The materials group, home to miners and fertilizer companies, climbed 0.6 percent as base metal prices firmed. [MET/L]

Teck Resources TCKb.TO climbed 1.2 percent to C$41.52 and Quadra Mining QUA.TO was up 1 percent at C$17.89. First Quantum Minerals (FM.TO: Quote) shot 2.6 percent higher to C$87.50, while Potash Corp of Saskatchewan (POT.TO: Quote) was up 1.2 percent at C$121.85.

Miners were helped by trade data from China that showed exports and imports grew faster than expected in February, easing some concerns that demand might be softening in the world's top base metals consumer. [ID:nSGE6290A5] [MET/L]

At 10:11 a.m. (1511 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 48.14 points, or 0.4 percent, at 11,966.85, with eight of its 10 main groups higher.   Continued...