CANADA STOCKS-TSX rises 100 points on auto relief hopes

Fri Dec 12, 2008 1:37pm EST
 
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TORONTO Dec 12 (Reuters) - Toronto's main stock index was up more than 100 points on Friday afternoon on optimism that the White House and U.S. Treasury would come through with a last-ditch effort to aid automakers.

At 1:25 p.m. (1825 GMT) the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 104.43 points, or 1.24 percent, at 8,496.33 with five of its 10 sectors in positive territory.

Earlier the key index fell 281 points as a plan to provide aid to U.S. automakers died in the Senate late on Thursday. (Reporting by Frank Pingue; editing by Peter Galloway)