UPDATE 3-Toronto stocks yanked higher by robust resources

Thu May 15, 2008 5:35pm EDT
 
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*Index closes at record high

*Resource and financial sectors rally

By Leah Schnurr

TORONTO, May 15 (Reuters) - The Toronto Stock Exchange's main index popped up more than 1 percent on Thursday, propelled further into record high territory by strong resource and financial shares.

Inmet Mining IMN.TO was the biggest net gainer on the day, rising C$6.25, or 9.3 percent, to C$73.75. Fertilizer company Potash Corp of Saskatchewan (POT.TO: Quote) was also among the leaders, finishing up C$5.28, or 2.7 percent, at C$204.50.

Gold producers also jumped, benefiting from rising gold prices. Agnico-Eagle Mines (AEM.TO: Quote) was up C$3.38, or 5.3 percent, at C$67.29, while the gold subindex gained 3.6 percent.

The S&P/TSX composite index .GSPTSE closed up 201.75 points, or 1.38 percent, at 14,828.06 with all but one of its 10 main sectors moving higher.

The surge helped the benchmark climb further into record territory, continuing the week's trend after it broke last summer's record high on Monday.   Continued...