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: Quote) 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)