Toronto stocks rise 1 pct at open on TransAlta bid

Mon Jul 21, 2008 9:40am EDT
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TORONTO, July 21 (Reuters) - Toronto's main stock market index jumped 1 percent at the open on Monday as a takeover bid for TransAlta Corp TA.TO and stronger-than-expected results from Bank of America BAC.N soothed worries over the global credit crunch.

Just after the open, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 129.75 points, or 1 percent, at 13,645.71. ($1=$1.00 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)