CANADA STOCKS-TSX wobbles at open; TMX surges on LSE deal

Wed Feb 9, 2011 9:45am EST
 
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TORONTO Feb 9 (Reuters) - Toronto's main stock index eased in early trade on Wednesday as a gain in TMX Group (X.TO: Quote) shares on a surprise bid by the London Stock Exchange to buy the owner of the Toronto Stock Exchange was more than offset by soft commodity prices and weak global equity markets.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 7.44 points, or 0.05 percent, at 13,885.08, after initially rising. Seven of the index's 10 main groups were lower.

Shares of TMX Group jumped more than 11 percent to C$45. [ID:nTZO9DE7MM][ID:nLDE71808S] (Reporting by Ka Yan Ng; editing by Peter Galloway)