CANADA STOCKS-TSX rises sharply at open, led by resources

Tue Aug 4, 2009 9:41am EDT
 
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TORONTO Aug 4 (Reuters) - Toronto's main stock index shot higher at the open on Tuesday, led up by commodity-based stocksand playing catch-up with strength on world stock markets after Monday's holiday in Canada.

The S&P/TSX composite index .GSPTSE opened up 128.35 points, or 1.19 percent, at 10,915.50. Nine of its 10 sectors were higher, led by a 1.7 percent gain in energy issues and a 1.74 percent climb in materials.

Canadian markets were closed on Monday for the Civic Holiday, a day during which global stocks surged to a nine-month high as improved economic data from the United States and China spurred appetite for risk. (Reporting by Ka Yan Ng; editing by Peter Galloway)