October 20, 2008 / 5:49 PM / in 9 years

Toronto stock index gains momentum on resources

TORONTO, Oct 20 (Reuters) - The Toronto Stock Exchange’s main index rose 4.2 percent in a broad rally in midafternoon dealings on Monday as energy and materials sectors gained momentum on higher commodity prices.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE gained 405.07 points, or 4.24 percent, to 9,967.56.

$1=$1.19 Canadian Reporting by Ka Yan Ng; Editing by Peter Galloway

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