Toronto stocks shoot higher on central bank plan

Tue Mar 11, 2008 9:39am EDT
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TORONTO, March 11 (Reuters) - The Toronto Stock Exchange's main index shot out of the starting gate on Tuesday, emboldened by a joint plan by the Bank of Canada and other central banks to inject liquidity into faltering world credit markets.

The S&P/TSX composite index .GSPTSE rose 270.21 points, or 2.1 percent, to 13,275.30 immediately after the opening bell, regaining the steep losses from the previous session.

($1=$0.99 Canadian) (Reporting by Jonathan Spicer; editing by Janet Guttsman)