Toronto stock index opens higher on resources

Thu Jul 24, 2008 9:46am EDT
 
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TORONTO, July 24 (Reuters) - The Toronto Stock Exchange's main index opened higher on Thursday, pulled up by resource issues after strong quarterly results from big names like Husky Energy (HSE.TO: Quote) and Potash Corp of Saskatchewan (POT.TO: Quote).

Shortly after the open, the S&P/TSX composite index .GSPTSE was up 55.28 points, or 0.4 percent, at 13,567.94, with six of its 10 main subgroups higher.

The influential energy sector rose 1.5 percent and materials were up 1.3 percent, with both supported by stabilizing commodity prices.

Shares of Husky rose C$1.61, or 3.9 percent, to C$42.12, while Potash was up C$4.20, or 2.1 percent, at C$206.43 ($1=$1.01 Canadian) (Reporting by Jennifer Kwan; Editing by Frank McGurty)