CANADA STOCKS-TSX up 3 percent at midday as banks surge

Tue Mar 10, 2009 12:06pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO, March 10 (Reuters) - Toronto's main stock index was up 3 percent at midday on Tuesday, led by a surge in the heavily weighted financial index after a memo to staff by Citigroup's (C.N: Quote) chief executive provided reassurance on its prospects.

At 11:57 a.m.(1557 GMT), the S&P/TSX composite index .GSPTSE was up 226.79 points, or 3 percent, at 7,793.73. Nine of the TSX's 10 sectors were higher, led by a 7.7 percent surge in the financials index. (Reporting by Frank Pingue; Editing by Peter Galloway)