CANADA STOCKS-TSX rallies 1 pct on oil price, bank optimism

Tue Mar 17, 2009 1:43pm EDT
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TORONTO, March 17 (Reuters) - Toronto's main stock index rallied 1 percent on Tuesday afternoon as energy issues got a boost from higher oil and hopes that the global banking system is stabilizing helped lift financials.

The S&P/TSX composite index .GSPTSE was up 84.36 points, or 1.01 percent, at 8,471.07. (Reporting by Jennifer Kwan; Editing by Peter Galloway)