Toronto stocks lifted by strong commodities

Wed Jun 11, 2008 9:48am EDT
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TORONTO, June 11 (Reuters) - The Toronto Stock Exchange's main index pushed higher shortly after the open on Wednesday, as resource shares were boosted by stronger commodity prices.

The S&P/TSX composite index .GSPTSE was up 67.48 points, or 0.5 percent, at 14,803.68.

Fertilizer company Agrium AGU.TO was among the biggest lifts on the index after it boosted its profit outlook. Agrium added C$7.96, or 8.5 percent, to C$102.19.

The gains, as well as a lift from miners, helped the materials sector add 1.8 percent. The energy group rose 0.8 percent, as oil advanced.

On the downside, sporting goods retailer Forzani Group FGL.TO fell C$1.13, or 6.9 percent, to C$15.37 after the company said it swung to a quarter loss. ($1=$1.02 Canadian) (Reporting by Leah Schnurr; Editing by Scott Anderson)