Toronto stocks edge higher on RIM and Bombardier

Thu Apr 3, 2008 9:48am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO, April 3 (Reuters) - The Toronto Stock Exchange's main index slipped early but rebounded onto positive terrain on Thursday morning, enticed higher by results from Research In Motion RIM.TO and Bombardier Inc BBDb.TO.

The S&P/TSX composite index .GSPTSE was up 21.51 points, or 0.2 percent, at 13,535.65 with half of its sectors logging gains.

RIM, the BlackBerry maker, climbed C$1.32 to C$118.95 as investors applauded expectation-beating profits and a rosy outlook for the year.

Bombardier rose 35 Canadian cents to C$5.95 after the maker of passenger trains and civil aircraft said early on Thursday its quarterly profit rose 95 percent.

The energy and materials sectors were lower immediately after the opening bell, but quickly recovered and were each up 0.1 percent. The consumer staples group added 0.5 percent.

($1=$1.01 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)