Toronto stocks up 100 pts on U.S. rate cut hopes

Mon Dec 10, 2007 10:14am EST
 
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TORONTO Dec 10 (Reuters) - Toronto's main stock market index jumped 100 points by mid-morning on Monday as investors bet on a U.S. interest rate cut later in the week and as higher gold prices boosted gold shares.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 100.66 points, or 0.7 percent, at 13,963.63. ($1=$1.00 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)