CANADA STOCKS-Energy and banks help TSX bounce from 8-mth low

Tue Jul 6, 2010 4:10pm EDT
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TORONTO, July 6 (Reuters) - Toronto's main stock index ended higher on Tuesday, bouncing back from its lowest close in eight months the day before, as calmer sentiment prevailed after several weeks of decline, spurring a rally in the key energy and financial groups.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 102.63 points, or 0.93 percent, to unofficially end at 11,195.13. On Monday, the index closed at its weakest level since Nov. 4, 2009.

Apart from scooping up bargains on recently sold-off stocks, investors were relieved by signs of strength in Europe's banking system and a rally in world equity markets. Commodity prices were also firmer during the session. (Reporting by Ka Yan Ng; editing by Rob Wilson)