Toronto stocks open stronger, boosted by resources

Wed Mar 5, 2008 9:40am EST
 
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TORONTO, March 5 (Reuters) - The Toronto Stock Exchange's main index opened strongly higher on Wednesday, lifted by gains in commodity prices and climbing bank shares.

The S&P/TSX composite index .GSPTSE was up 94.70 points, or 0.7 percent, at 13,571.51 shortly after the opening bell with all but one of its 10 main groups in the positive.

The energy sector followed oil's upward momentum, gaining 0.6 percent, while the materials group rose 1 percent, buoyed by firm gold prices.

The financial sector added to the advance, rallying 0.7 percent.

(Reporting by Leah Schnurr; Editing by Scott Anderson)