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At the open: Dow, TSX gain Add to ...

North American stocks rose modestly at the start of trading on Wednesday, helped by an upward revision to U.S. economic growth in the fourth quarter and a batch of strong earnings.

The Dow Jones industrial average rose 21 points or 0.2 per cent, to 13,026. The broader S&P 500 rose 2 points or 0.2 per cent, to 1375. In Canada, the S&P/TSX composite index rose 28 points or 0.2 per cent, to 12,768.

The gains follow slight upward moves in Europe, where the European Central Bank lent about 530-billion euros to regional banks in a second effort to head off a financial crisis there. As well, U.S. gross domestic product rose at an annualized rate of 3 per cent in the fourth quarter, up from an earlier estimate of 2.8 per cent. The revisions topped estimates and were largely due to better-than-expected consumer spending.

Costco Wholesale Corp. rose 1.7 per cent after the retailer reported a 13 per cent gain in its quarterly earnings. Torstar Corp. rose 5.1 per cent after its adjusted earnings of 70 cents a share beat analysts' expectations.

Apple Inc. continued its winning streak, rising 1.9 per cent a day after the company strongly hinted that it will unveil the third version of its popular iPad tablet computer at an even in March.

However, SNC-Lavalin Group Inc. fell 1 per cent a day after the engineering firm said it was lowering expectations for its quarterly earnings and investigating $35-million in payments.

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