Closing business numbers for Wednesday

The Toronto stock market chalked up a solid gain amid rising optimism that a Eurozone leaders summit will end with a comprehensive plan to solve the region’s debt crisis.

The S&P/TSX was up 76.31 points to 12,186.06.

The Dow Jones in New York was ahead 162.42 points to 11,869.04.

The Nasdaq composite index was 12.25 points higher to 2,650.67.

The Canadian dollar ran up 1.12 cents to 99.52 cents U.S.

European officials continue to meet and hope to patch together a plan that would prevent banks from taking huge losses if the Greek government defaults on its bonds.

One consideration is increasing the power of a financial rescue fund, which Germany’s parliament approved shortly before markets opened.

Stocks rose late in the session after Agence France-Presse reported that China has agreed to invest in the fund by buying bonds.