CANADA STOCKS-TSX finishes strong, up more than 1 pct

Mon Jul 13, 2009 4:05pm EDT
 
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TORONTO, July 13 (Reuters) - Toronto's main stock index bounced back from a big decline to finish more than 1 percent higher on Monday as financials led the charge after a prominent U.S. banking analyst upgraded Goldman Sachs Group Inc (GS.N: Quote).

The S&P/TSX composite index .GSPTSE unofficially closed up 122.02 points, or 1.25 percent, at 9,869.15. Earlier in the day it fell more than 1 percent.

Nine of the index's 10 main groups were higher, led by a 2.58 percent advance in the heavyweight financials sector. (Reporting by Ka Yan Ng; editing by Peter Galloway)