January 11, 2011 / 2:39 PM / in 7 years

CANADA STOCKS-TSX opens sharply higher on earnings optimism

TORONTO, Jan 11 (Reuters) - Toronto’s main stock index opened sharply higher on Tuesday as commodity prices rallied and investor optimism was boosted by a strong start to U.S. fourth-quarter earnings season with results from Alcoa Inc (AA.N) beating consensus estimates.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE opened up 88.11 points, or 0.67 percent, at 13,333.23. (Reporting by Claire Sibonney; editing by Peter Galloway)

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