CANADA STOCKS-Golds, banks, RIM fuel TSX winning streak

Fri Jul 9, 2010 5:15pm EDT
 
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* TSX rises 1.2 pct to 11,570.45, up 3.3 pct on the week

* Eight of 10 sectors advance, materials lead

* Canada's economy posts near-record gain in June

* RIM surges 7 pct on news of push into China (Adds details throughout)

By Ka Yan Ng

TORONTO, July 9 (Reuters) - Toronto's main stock index rose more than 1 percent on Friday, rallying for a fourth straight session as stunning jobs data lifted investor confidence, while firm resource prices helped materials lead the gains.

Materials were up 2.3 percent, rebounding from Thursday's selloff, as the price of gold moved back above $1,200 an ounce. As well, copper prices advanced to their highest in nearly two weeks on improving global demand signals. [GOL/] [MET/L]

Among key gainers No. 1 producer Barrick Gold Corp ABX.TO was up 1.42 percent at C$45.04, while diversified miner Teck Resources TCKb.TO rose 3.37 percent to C$35.60.

The most influential advancer on Friday was Research In Motion RIM.TO, rising 7 percent to C$55.23, after the BlackBerry smartphone maker said it is preparing to launch an applications store and consumer Internet services in China as part of its push into the world's top mobile market. [ID:nN09260322]   Continued...