November 19, 2012 / 1:22 PM / 5 years ago

TSX ends up more than 1 percent on U.S. budget hopes

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

TORONTO (Reuters) - Canada’s main stock index jumped more than 1 percent on Monday, led by material and energy stocks as commodity prices advanced on hopes that a U.S. budget crisis will be averted.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE unofficially closed up 162.68 points, or 1.37 percent, at 12,040.40.

Reporting by Claire Sibonney

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