July 31, 2009 / 12:30 PM / in 8 years

TSX gains one percent at midday in broad rally

TORONTO (Reuters) - Toronto’s main stock index extended its rally on Friday on broad strength across most sectors, underpinned by economic recovery hopes.

A tug of war between differing GDP reports from Canada and the United States made for choppy trading in the early hours of the session, but the TSX was comfortably higher at midday.

The S&P/TSX composite index was up 109.45 points, or 1.03 percent, at 10,786.17. Eight of the 10 main sectors were higher, with gains of more than 1 percent in each of the heavyweight financials, energy and materials groups.

Reporting by Ka Yan Ng; editing by Rob Wilson

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