Toronto stocks bounce back on bailout hopes

Wed Oct 1, 2008 1:02pm EDT
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TORONTO (Reuters) - The Toronto Stock Exchange's main index erased a more than 200 point deficit and turned positive on Wednesday on hopes the U.S. Senate would approve a bailout plan to stabilize the financial sector.

Just before 1:00 p.m., the S&P/TSX composite index was up 3.80 points at 11,756.70, with six of its 10 main groups higher.

(Reporting by Frank Pingue; editing by Rob Wilson)

<p>A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark Blinch</p>