May 31, 2012 / 8:08 PM / 5 years ago

CANADA STOCKS-TSX rallies on banks, Spain hopes

TORONTO, May 31 (Reuters) - Toronto's main stock index
rallied on Thursday, led higher by financial issues on strong
second-quarter bank earnings and as oil and gold firms pared
losses after a report of possible plans to help Spain deal with
its banking crisis.	
    The Toronto Stock Exchange's S&P/TSX composite index
 unofficially closed up 78.58 points, or 0.7 percent,
at 11,511.80. The index still fell 6.3 percent in May, its
largest monthly drop since September.

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