CANADA STOCKS-TSX rallies 2 percent at midafternoon

Tue Jan 6, 2009 2:30pm EST
 
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TORONTO Jan 6 (Reuters) - Toronto's main stock index rose more than 2 percent on Tuesday afternoon on strong gains across its three biggest sectors -- energy, materials and financials.

Energy issues rose along with the price of oil, which strengthened on tension in the Middle East and a dispute between Russia and Ukraine over natural gas.

The S&P/TSX composite index .GSPTSE was up 201.72 points, or 2.2 percent, at 9,487.23. Seven of the index's main 10 groups were higher, reflecting a broadening of investor interest in noncommodity sectors as economic stimulus plans supported sentiment. (Reporting by Ka Yan Ng; editing by Peter Galloway)