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, 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)