CANADA STOCKS-TSX climbs as U.S. earnings, data boost mood

* TSX ends up 90.79 points, or 0.8 pct, at 11,408.34

* Miners gain on firm base metals prices
(Updates to close, adds quote)

TORONTO, Feb 2 (BestGrowthStock) – Toronto’s main stock index rose
for a second straight session on Tuesday as U.S. corporate
results and economic data boosted optimism about recovery.

Royal Bank of Canada (RY.TO: ) led the heavyweight gainers,
rising 1.9 percent to C$53.80, while Canadian Natural Resources
(CNQ.TO: ) gained 2.5 percent to C$70.71. Research In Motion
(RIM.TO: ) helped support the move higher, climbing 2.2 percent
to C$69.55.

“Equity markets are up globally. The risk trade has come
back on,” said John Johnston, chief strategist for Harbour
Group at RBC Dominion Securities.

Investor sentiment was lifted in part by reassuring U.S.
corporate results and U.S. data that showed pending sales of
previously owned homes edged up in December. [.N]

The Toronto Stock Exchange’s S&P/TSX composite index
(.GSPTSE: ) ended the day up 90.79 points, or 0.8 percent, at
11,408.34, with all of the index’s 10 main groups higher.

EnCana Corp (ECA.TO: ) climbed 2 percent to C$34.25, helped
as the price of crude got a boost, in part from a weaker
greenback [O/R]. Teck Resources (TCKb.TO: ) rose 2.7 percent to
C$37.70 as base metals prices were firmer. [MET/L]

Stock Basics

($1=$1.06 Canadian)
(Reporting by Jennifer Kwan; editing by Peter Galloway)

CANADA STOCKS-TSX climbs as U.S. earnings, data boost mood