CANADA STOCKS-Commodities undermine TSX but RIM helps limit fall

Mon Aug 27, 2012 5:16pm EDT
 
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* TSX closes down 33.4 points, or 0.3 percent, at 12,048.82

* Several commodity stocks among biggest decliners

* RIM rises on Apple-Samsung court case fallout

By Alastair Sharp

TORONTO, Aug 27 (Reuters) - Canada's main equity index fell on Monday as investors pulled back from commodity stocks, but Research In Motion jumped on hopes that it will benefit from a crucial legal victory for Apple Inc over Samsung in a patent dispute.

A U.S. jury awarded the iPhone maker more than $1 billion in damages after finding the South Korean company had copied some critical features from it, a verdict which could lead to bans on Samsung products that use Google's Android software.

"It knocks Android sideways. If you viewed RIM as a third player in a three-way fight with Apple and Android...this potentially allows RIM to capture some market share," said David Baskin, portfolio manager and president of Baskin Financial Services.

The BlackBerry maker - which has hemorrhaged market share to both Apple and Google over the past several years - gained 1.9 percent to C$7.01.   Continued...