Toronto stocks yanked higher by gains in banks

Tue Mar 18, 2008 4:05pm EDT
 
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TORONTO, March 18 (Reuters) - The Toronto Stock Exchange's main index rallied on Tuesday, while bank stocks powered higher amid relief after an aggressive interest rate cut in the United States and bargain-hunting after the previous day's losses.

The S&P/TSX composite index .GSPTSE unofficially closed up 177.47 points, or 1.37 percent, at 13,129.62. (Reporting by Leah Schnurr; editing by Renato Andrade)