May 22, 2012 / 2:27 PM / 5 years ago

CANADA STOCKS-TSX rises 2 pct after U.S. data, China

TORONTO, May 22 (Reuters) - Canada’s main stock index was on track for its biggest single-day gain in nearly five months on Tuesday as resource and financial shares rallied on strong U.S. housing data, reports China plans measures to boost sagging growth and ahead of a meeting of European leaders to tackle the region’s debt crisis.

The Toronto Stock Exchange’s S&P/TSX composite index was up 222.31 points, or 2 percent, at 11,502.95.

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