CANADA STOCKS-TSX climbs 1 pct, hits 1 week high

Tue Dec 21, 2010 2:13pm EST
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TORONTO Dec 21 (Reuters) - Toronto's main stock index rose 1 percent on Tuesday afternoon to hit a one-week high in a broad rally led by financials after Toronto-Dominion Bank (TD.TO: Quote) agreed to buy Chrysler Financial.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE climbed 131.40 points to 13,324.69. Nine of the index's 10 main groups were higher, with heavyweight financials advancing 1.3 percent. Energy and materials were also key gainers, up 1.45 percent and 0.71 percent respectively.

TD Bank rose more than 3 percent to C$72.76. [ID:nN20216127]

(Reporting by Ka Yan Ng)