March 10, 2010 / 3:40 PM / in 8 years

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

* 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 shot 2.6 percent higher to C$87.50, while Potash Corp of Saskatchewan POT.TO 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.

“It’s good in that it’s up but there doesn’t seem to be any real features here,” John Kinsey, portfolio manager at Caldwell Securities Ltd, said of the broader index move higher.

“It’s kind of a mixed bag still,” he said.

The rise follows two days of losses in which market watchers pegged profit-taking as a main factor behind the weakness.

Trading has also been largely lackluster, reflecting a cautious tone about economic recovery and as investors paused after the Toronto index pierced 12,000 on Monday.

“We’re kind of in a period here where March break is coming and everybody is tired with the winter and maybe we’re just going to get a pause,” said Kinsey.

“A sideways move here would not be too surprising,” he added.

Also on the upside was Research in Motion RIM.TO, up 1.8 percent at C$76.83, and Quebecor Inc QBRa.TO, up 1.2 percent at C$32.90.

Media and communications group Quebecor reported a quarterly profit on Wednesday, helped by strong performance of its telecommunications segment that continued to see customer growth. [ID:nSGE6290H5]

Dorel Industries Inc DIIb.TO climbed 2.4 percent to C$34.25 after it said strong performances from its three divisions boosted quarterly results. [ID:nN10133107]

$1=$1.02 Canadian Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson

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