CANADA STOCKS-TSX rises as resources offset bank worry

Mon Nov 24, 2008 10:31am EST
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TORONTO Nov 24 (Reuters) - The Toronto Stock Exchange's main index shot higher on Monday morning as gains in resource shares overpowered sharp declines in the financial group, which was pressured by an earnings warning from Royal Bank of Canada. (RY.TO: Quote)

The S&P/TSX composite index .GSPTSE rose 202.17 points, or 2.48 percent, to 8,357.56.

The index had turned negative earlier in the day as the financials group was dragged lower by the RBC warning. [ID:nN24501121] (Reporting by Ka Yan Ng; Editing by Peter Galloway)