CANADA STOCKS-TSX gains more than 1 pct as oil turns higher

Wed Dec 31, 2008 2:13pm EST
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TORONTO Dec 31 (Reuters) - Toronto's main stock market index jumped more than 1 percent on Wednesday afternoon as the price of oil surged, boosting the heavily weighted energy sector.

The S&P/TSX composite index .GSPTSE rose 101.09 points, or 1.14 percent, to 8,931.81. All 10 main groups of the index were higher. Oil rose more than $5 a barrel to above $44. (Reporting by Ka Yan Ng; Editing by Jeffrey Jones)