CANADA STOCKS-TSX rises on resource issues, Fed rate cut

Tue Dec 16, 2008 2:40pm EST
 
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TORONTO Dec 16 (Reuters) - Toronto's main stock index rose 100 points on Tuesday, led higher by strength in resources and after the U.S. Federal Reserve lowered its target for overnight interest rates to a range of zero to 0.25 percent.

The S&P/TSX composite index .GSPTSE was up 104.40 points, or 1.23 percent, at 8,566.23. (Reporting by Jennifer Kwan; editing by Rob Wilson)