CANADA STOCKS-TSX recovers from 2009 low to finish higher

Thu Jan 15, 2009 4:14pm EST
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TORONTO Jan 15 (Reuters) - Toronto's main stock index closed strongly higher on Thursday, reversing early losses, as nearly all of its sectors rose, influenced by climbing U.S. stocks.

The S&P/TSX composite index .GSPTSE unofficially closed up 161.93 points, or 1.86 percent, at 8,850.29. Nine of the index's 10 main groups advanced.

Earlier in the day, the resource-heavy index hit its lowest point this year, hurt by nagging concerns about a drop in oil demand, while banking shares also tumbled.

($1=$1.25 Canadian) (Reporting by Ka Yan Ng; editing by Peter Galloway)