CANADA STOCKS-TSX touches 8-month high on energy

Thu Jun 11, 2009 1:41pm EDT
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TORONTO, June 11 (Reuters) - Canada's main stock market index jumped 1.1 percent to an eight-month high on Thursday afternoon, boosted by a rise in the price of U.S. crude oil.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE gained 120.96 points, or 1.1 percent, to 10,718.94.

Eight of the TSX index's 10 main groups were higher with the energy issues rising 2 percent.

Oil prices extended a three-day rally to near $73 a barrel on Thursday on rising hopes the recession has bottomed out, spelling a recovery in ailing world energy demand. [nSIN191080] (Reporting by Scott Anderson; editing by Peter Galloway)