CANADA STOCKS-TSX rallies despite big Royal Bank writedown

Fri Apr 17, 2009 4:04pm EDT
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TORONTO, April 17 (Reuters) - Toronto's main stock index finished the week on a firmly positive note on Friday, as investors shook off an $850 million writedown by Canada's biggest bank and instead snapped up equities in a broad-based rally.

The S&P/TSX composite index .GSPTSE rose 77.37 points, or 0.83 percent, to unofficially close at 9,420.74. Seven of the benchmark's 10 main groups rose, including the heavyweight energy and financials sectors.

($1=$1.21 Canadian) (Reporting by Wojtek Dabrowski; editing by Jeffrey Hodgson)