August 25, 2009 / 8:12 PM / 8 years ago

CANADA STOCKS-TSX closes higher on banks, U.S. data

 TORONTO, Aug 25 (Reuters) - Toronto's main stock index
finished the session higher on Tuesday on strength in financial
shares after Bank of Montreal BMO.TO kicked off quarterly
earnings results for Canada's big banks with a surprisingly
strong performance.
 Also helping investor sentiment was rosier-than-expected
U.S. housing and consumer confidence data and news that Ben
Bernanke was nominated as chairman of the U.S. Federal Reserve
for a second term, which ended uncertainty about the central
bank's leadership as the economy climbs out of recession.
 The S&P/TSX composite index .GSPTSE unofficially closed
up 127.34 points, or 1.18 percent, at 10,917.31.
 (Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)

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