Wed, 17 Oct 2012 16:08:31 CDT

TORONTO - Toronto's main stock index notched its highest close in more than a month on Wednesday, as a takeover deal for Celtic Exploration Ltd drove its shares higher and spurred gains in other oil and gas companies. The index followed advances in global stocks, as hopes grew that Spain will ask for a bailout next month, alleviating the euro zone debt crisis, and as data that groundbreaking on U.S. homes surged in September helped soothe ongoing worries about the global economic growth. Exxon Mobil Corp agreed to buy Celtic Exploration for C$2.6 billion ($2.64 billion)....

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