UPDATE 3-Toronto stocks lifted by fertilizer firms, RIM

Mon Jun 16, 2008 4:41pm EDT
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(Updates closing numbers, adds details)

*TSX climbs 1 percent in broad rally

*Agriculture firms boosted by record corn prices

*Research In Motion rises after Nokia unveils new phones

TORONTO, June 16 (Reuters) - The Toronto Stock Exchange's main index rose broadly and sharply on Monday, prompted by record commodity prices early in the day and supported by gains in the financial and tech sectors.

A record high for corn prices amid widespread flooding in the U.S. Midwest pushed up shares in fertilizer companies Potash Corp of Saskatchewan (POT.TO: Quote) and Agrium (AGU.TO: Quote), making them among the biggest gainers on the benchmark.

Potash Corp was up C$3.55, or 1.5 percent, at C$235.67, while Agrium rose C$1.84, or 1.7 percent, to C$108.30, helping push the materials group up 1.7 percent.

Tech heavyweight Research In Motion RIM.TO also lent its support, jumping C$7.42, or 5.4 percent, to C$144.21. Nokia NOK1V.HE unveiled two new business phones, but investors did not see the offerings as a threat to RIM's BlackBerry device.

The S&P/TSX composite index .GSPTSE closed up 165.82 points, or 1.12 percent, at 14,944.28 with all but two of its 10 main sectors rising.   Continued...