March 16, 2009 / 2:36 PM / in 9 years

CANADA STOCKS-TSX rallies 1 percent on bank optimism

TORONTO, March 16 (Reuters) - Toronto’s main stock index rose 1 percent on Monday, led higher by strength in financials issues on hope that the U.S. banking sector is stabilizing.

The S&P/TSX composite index .GSPTSE was up 85.82 points, or 1.03 percent, at 8,389.21. (Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)

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