CANADA STOCKS-TSX up for 7th session on banks, miners

Thu Sep 2, 2010 4:58pm EDT
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* TSX up 107.31 points at 12,111.09

* Financials rise after TD reports higher quarterly profit

* 9 of index's 10 main sectors finish higher (Adds company details)

By Jennifer Kwan

TORONTO, Sept 2 (Reuters) - Toronto's main stock index ended higher on Thursday after Toronto-Dominion Bank reported a higher quarterly profit and U.S. economic data added to investor optimism about the recovery.

Heavily weighted banking issues were up 1.1 percent after the last of the bank quarterly reports was released. TD (TD.TO: Quote) was up 1.5 percent at C$73.17 after it reported a 29 percent rise in third-quarter profit on stronger retail banking profits and credit quality. [ID:nN02129558]

Elsewhere in the sector, Bank of Montreal (BMO.TO: Quote) was up 1 percent at C$59.30, while Bank of Nova Scotia (BNS.TO: Quote) rose 1.9 percent to C$52.21. Royal Bank of Canada (RY.TO: Quote) climbed 0.5 percent, Canadian Imperial Bank of Commerce (CM.TO: Quote) rose 0.3 percent and National Bank of Canada (NA.TO: Quote) was up 1 percent.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished the day up 107.31 points, or 0.89 percent, at 12,111.09, its seventh straight day of gains.

Nine of its 10 main groups were higher.   Continued...