Toronto stock index up 100 points, gets RBC lift

Wed May 14, 2008 10:43am EDT
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TORONTO May 14 (Reuters) - The Toronto Stock Exchange's main index advanced more than 100 points on Wednesday morning, with Royal Bank of Canada (RY.TO: Quote) leading the way in a relief rally after it detailed current market conditions and the writedowns it expects to take in the second quarter.

The S&P/TSX composite index .GSPTSE was up 100.01 points, or 0.68 percent, at 14,716.71.

($1=$1.00 Canadian) (Reporting by Jonathan Spicer; Editing by Peter Galloway)