October 17, 2008 / 8:11 PM / 9 years ago

Toronto stocks surge on oil price

TORONTO, Oct 17 (Reuters) - The Toronto Stock Exchange’s main index closed sharply higher on Friday afternoon as oil and gas stocks rose on a rebound in the price of oil.

The S&P/TSX composite index .GSPTSE unofficially closed up 269.17 points, or 2.9 percent, at 9,539.14. (Reporting by Jennifer Kwan; Editing by Peter Galloway)

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