April 17, 2020 / 1:46 PM / 3 months ago

CANADA STOCKS-TSX opens higher on potential COVID-19 drug, U.S. plans to reopen economy

April 17 (Reuters) - Canada’s main stock index rose on Friday, as reports of a potential drug to treat COVID-19 heightened demand for riskier assets, while U.S. President Donald Trump’s plan to gradually reopen the country’s economy added to the bounce.

* At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 235.86 points, or 1.7%, at 14,135.18. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta)

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