January 30, 2008 / 7:24 PM / 10 years ago

Toronto stocks turn positive after Fed rate cut

TORONTO, Jan 30 (Reuters) - The Toronto Stock Exchange's main index jumped into positive territory on Wednesday afternoon immediately after the U.S. Federal Reserve cut its key interest rate by 50 basis points.

The S&P/TSX composite index .GSPTSE was up 6.64 points at 13,053.07. It was down more than 100 points earlier in the session.

$1=$0.99 Canadian Reporting by Jonathan Spicer; Editing by Peter Galloway

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