CANADA STOCKS-TSX gains on firmer resources; RIM sags

Fri Jun 19, 2009 10:29am EDT
 
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* TSX up 0.73 percent at 10,195.38

* Energy, materials climb on firm commodities

* RIM sags after giving disappointing outlook

* (Adds details, quote)

By Jennifer Kwan

TORONTO, June 19 (Reuters) - Toronto's main stock index opened higher on Friday morning on a rise in commodities prices, but Research In Motion RIM.TO shares fell a day after the company offered an outlook that disappointed the market.

The index's mining-heavy materials group was up 1 percent on firmness in gold and base metals prices. Goldcorp (G.TO: Quote) climbed 1.2 percent to C$38.41.

The energy group was also up 1 percent as the oil price CLc1 rose toward $72 a barrel. [ID:nSIN282931] In the group Suncor Energy (SU.TO: Quote) was up 1.8 percent to C$35.00.

Despite demand concerns, there is still a healthy appetite for commodities, said Rick Meslin, head of Canadian equities at UBS.   Continued...