CANADA STOCKS-TSX rises more than 1 pct in broad rally

Tue Dec 30, 2008 11:39am EST
 
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TORONTO Dec 30 (Reuters) - Toronto's main stock index rose more than 1 percent by late morning on Tuesday as a broad rally outweighed a retreating materials group, which was being led lower by a retreating gold price.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 100.47 points, or 1.2 percent, at 8,737.76.

($1=$1.22 Canadian) (Reporting by Ka Yan Ng; editing by Rob Wilson)