Toronto stock index up 100 points, gets RBC lift

Wed May 14, 10:44 AM
TORONTO (Reuters) - The Toronto Stock Exchange's main index advanced more than 100 points on Wednesday morning, with Royal Bank of Canada leading the way in a relief rally after it detailed current market conditions and the writedowns it expects to take in the second quarter.
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(Reuters)

TORONTO (Reuters) - The Toronto Stock Exchange's main index advanced more than 100 points on Wednesday morning, with Royal Bank of Canada leading the way in a relief rally after it detailed current market conditions and the writedowns it expects to take in the second quarter.

The S&P/TSX composite index was up 100.01 points, or 0.68 percent, at 14,716.71.

($1=$1.00 Canadian)

(Reporting by Jonathan Spicer; Editing by Peter Galloway)