CANADA STOCKS-TSX turns positive, materials lead

Thu Jan 8, 2009 11:12am EST
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TORONTO Jan 8 (Reuters) - Toronto's main stock index turned positive on Thursday morning as the materials group was boosted by strength in gold issues.

The S&P/TSX composite index .GSPTSE rose 4.48 points to 9,125.80, clawing back from a drop of more than 1 percent shortly after market open.

Four of the index's 10 main groups were in positive territory, including the heavyweight financial group. Healthcare and industrials were also slightly higher.

The oil group, which was tracking the lower price of oil, kept the index under pressure.

($1=$1.19 Canadian) (Reporting by Ka Yan Ng; editing by Peter Galloway)