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Toronto stocks bounce back on bailout hopes

Wed Oct 1, 2008 1:01pm EDT

TORONTO, Oct 1 (Reuters) - The Toronto Stock Exchange's main index erased a more than 200 point deficit and turned positive on Wednesday on hopes the U.S. Senate would approve a bailout plan to stabilize the financial sector.

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Just before 1:00 p.m. (1700 GMT), the S&P/TSX composite index .GSPTSE was up 3.80 points at 11,756.70, with six of its 10 main groups higher. (Reporting by Frank Pingue; editing by Rob Wilson)

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