Toronto stock index soars 5.4 pct on oil price

Fri Oct 17, 2008 1:40pm EDT
 
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TORONTO Oct 17 (Reuters) - The Toronto Stock Exchange's main index was up more than 5 percent on Friday afternoon, after tumbling at the open, led sharply higher by oil and gas stocks as crude rose on expectations OPEC could cut output.

The S&P/TSX composite index .GSPTSE jumped 504.08 points, or 5.44 percent, to 9,774.05. (Reporting by Jennifer Kwan; Editing by Peter Galloway)