CANADA STOCKS-TSX up 2 pct, aided by Bank of Canada optimism

Thu Jul 23, 2009 11:48am EDT
 
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 TORONTO, July 23 (Reuters) - Toronto's main stock index
rose 2 percent late on Thursday morning after the Bank of
Canada said the country's economy will pull out of its worst
recession since the early 1990s during this quarter.
 The S&P/TSX composite index .GSPTSE rose 208.72 points,
or 2 percent, to 10,641.07 at 11:41 a.m. Nine of the TSX's 10
subindexes were higher, led by a 2.77 percent rally in the
mining-laden materials group, as gold held near six-week
highs.
 (Reporting by Nina Lex; editing by Peter Galloway)