CANADA STOCKS-TSX buoyed by resources but RIM weighs

Thu Apr 1, 2010 10:48am EDT
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*TSX up 0.65 percent to 12,115.98

*Energy materials lead index higher

*RIM loses 5.3 percent after results

By Claire Sibonney

TORONTO, April 1 (Reuters) - Toronto's main stock market index was higher on Thursday morning as commodity prices rose due to fresh investment at the start of the quarter, but some market disappointment with the results of technology bellwether Research In Motion RIM.TO RIMM.O tempered the gains.

Oil hit an 18-month high, boosting the index's energy group 1.9 percent. Suncor Energy Inc (SU.TO: Quote) jumped 3.1 percent to C$34.04. and Canadian Natural Resources (CNQ.TO: Quote) rose 3.1 percent to C$77.52. [O/R]

The materials sector gained 1.2 as copper reached a 20-month high and gold prices strengthened. [GOL/] [MET/L]

Teck Resources TCKb.TO added 2.4 percent to C$45.30, after the company said on Wednesday it expects to quickly pay back the term debt from its 2008 acquisition of Fording Canadian Coal Trust. [ID:nN31240319]

Barrick Gold Corp (ABX.TO: Quote), the world's biggest gold producer, shot up 1.3 percent to C$39.47.   Continued...