CANADA STOCKS-TSX rises more than 1 pct on banks, US data

Tue Aug 25, 2009 9:43am EDT
 
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TORONTO Aug 25 (Reuters) - Toronto's main stock index jumped more than 1 percent shortly after the opening bell on Tuesday, led by financials and supported by U.S. housing data.

The S&P/TSX composite index .GSPTSE was up 112.42 points, or 1.04 percent, at 10,902.39 a few minutes after the open. Nine of 10 groups were up, led by a 1.9 percent advance in financials.

Financials were supported by better-than-expected results from Bank of Montreal (BMO.TO: Quote) [ID:nN24133906], while U.S. home prices rose a second straight month in June. [ID:nNYS005335] ($1=$1.08 Canadian) (Reporting by Ka Yan Ng; Editing by Jeffrey Hodsgon)