Toronto stock index in strong bounce, up 300 pts

Tue Jan 22, 2008 10:33am EST
 
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TORONTO Jan 22 (Reuters) - The Toronto Stock Exchange's main index charged up more than 300 points on Tuesday morning, encouraged by Canadian and U.S. interest rate cuts, after dropping more than 100 points immediately after market open.

The S&P/TSX composite index .GSPTSE was up 301.31 points, or 2.5 percent, at 12,433.44. It dropped more than 600 points in the previous session as worries about the health of the U.S. economy rattled global markets. (Reporting by Jonathan Spicer; Editing by Peter Galloway)