MW: TSX climbs more than 200 points on Irish hopes
By Ashley P. Lau
SAN FRANCISCO (MarketWatch) -- Canadian stocks climbed Thursday as commodities got a boost from fresh hopes of an Irish bailout. Canada's benchmark S&P/TSX Composite Index (CA:$ISPTX 12,846, +187.92, +1.49%) rose more than 200 points to 12,858.3. Adding to the bullish fever, Canada's index of leading economic indicators rose 0.2% in October. A 43.2% surge in shares of Western Coal Corp. (CA:WTN 10.77, +3.39, +45.94%) boosted Toronto's diversified metals and mining index to a 4.1% gain. The metallurgical coal company said Thursday it received a C$3.3 billion bid from Tampa, Fla.-based Walter Energy Inc. Also in the spotlight, Equinox Minerals Ltd. (CA:EQN 5.76, +0.28, +5.11%) shares jumped 5.8%, Lundin Mining Corp.'s (CA:LUN 6.62, +0.23, +3.60%) stock advanced 3.9% and Teck Resources Ltd. (CA:TCK.B 50.34, +1.65, +3.39%) climbed 3.6%.
