Toronto stock index jumps 300 points

Thu Jan 24, 2008 9:55am EST
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TORONTO Jan 24 (Reuters) - The main index of the Toronto Stock Exchange added more than 300 points on Thursday morning, led by Potash Corp of Saskatchewan (POT.TO: Quote), as commodity prices and the prospect of more interest rate cuts lifted shares.

The S&P/TSX composite index .GSPTSE was up 301.26 points, or 2.4 percent, at 12,958.66 shortly after trading began.

($1=$1.01 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)