TORONTO (Reuters) - Canada’s main stock index rose on Monday, helped by gains for financial shares, as investors welcomed a stronger-than-expected rebound in German business morale.
* The recovery in Germany’s Ifo institute survey for May offered a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns.
* The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed up 161.78 points, or 1.1%, at 15,075.42. The index has rallied about 35% since hitting an eight-year low in March.
* The heavyweight financials group .SPTTFS rose 1.7%, gaining ground ahead of earnings reports over the coming days from Canada's major banks.
* Financial markets in the United States were closed for the Memorial Day public holiday.
Reporting by Fergal Smith; editing by Grant McCool
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