November 4, 2010 / 1:42 PM / in 7 years

CANADA STOCKS-TSX opens up on Fed boost despite Potash

TORONTO, Nov 4 (Reuters) - Toronto’s main stock index shot higher in opening trade on Thursday as commodity prices rallied on the U.S. Federal Reserve’s plans for more monetary easing, which overshadowed Canada’s decision to block a takeover bid for Potash Corp. POT.TO.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE opened up 4.88 points at 12,676, and then rose more than 1 percent. (Reporting by Claire Sibonney; editing by Peter Galloway)

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