CANADA STOCKS-TSX edges higher as resource stocks gain; BlackBerry, Bombardier soar

Fri Dec 18, 2015 4:46pm EST
 
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(Adds strategist comment, updates prices to close)

* TSX ends up 14.37 points, or 0.11 percent, at 13,024.30

* Six of the TSX's 10 main groups gain

By Alastair Sharp

TORONTO, Dec 18 (Reuters) - Canada's main stock index crawled higher on Friday as the energy sector gained despite slipping oil prices, offsetting weakness among financial stocks as investors also scooped up shares of companies that have taken a beating recently.

Toronto-listed shares of BlackBerry jumped 10.5 percent to C$12.03 as the company's pivot to software began to show traction and it reported its first quarter-to-quarter revenue increase in more than two years.

Bombardier also got a boost after it received certification for its CSeries 110-seater plane. Its shares rose 16.2 percent to C$1.36.

Separately, a source told Reuters that Pierre Beaudoin is expected to step down as executive chairman of the company in early 2016.

Meanwhile, the materials sector gained 2.8 percent as gold and copper prices rallied and energy stocks added 1.9 percent, despite oil falling on the day and notching a third straight weekly loss.   Continued...