CANADA STOCKS-TSX soars on US asset plan, Petro-Canada deal

Mon Mar 23, 2009 9:39am EDT
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TORONTO, March 23 (Reuters) - Toronto's main stock index opened sharply higher on Monday, buoyed by optimism over a U.S. plan to purge banks of toxic assets and news that Suncor Energy (SU.TO: Quote) has agreed to buy rival Petro-Canada PCA.TO.

The S&P/TSX composite index .GSPTSE rose 264.89 points, or 3.11 percent, at 8,771.24 in early trade. (Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)