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Energy, banks power TSX to 467-point gain Geoffrey Scotton, Calgary Herald Published:Â Wednesday, October 01, 2008 One day after energy stocks drove the Toronto Stock Exchange to its largest one-day point drop, the same sector and banks helped lift the TSX to a near-500-point gain Tuesday as markets around the world rebounded on higher oil prices, sentiment Monday's sell-off was overblown and belief a financial rescue package in the United States is inevitable. "It's been quite a roller-coaster ride," said Greg Allen, regional sales leader for retail investments in the prairies for the Bank of Montreal, not long after the markets closed dramatically higher Tuesday. "Not everyone likes going to the amusement park." Like Monday, the stocks of Calgary firms were front and centre as the energy sub-index helped lift the S&P TSX... [read full story]
