CANADA STOCKS-TSX perks up as commodities rally; RIM drags
*TSX up 37.67 points at 11,707.85
*Six of its 10 main groups higher
*RIM drops 11.5 pct after quarterly results (Updates to close)
By Claire Sibonney
TORONTO, June 25 (Reuters) - Toronto's main stock index climbed on Friday as strong commodity prices drove up its weighty resource sectors, offsetting a dive in the shares of BlackBerry maker Research In Motion RIM.TO.
Oil prices surged toward $79 a barrel on concerns that a tropical disturbance in the Caribbean Sea may develop into a storm and threaten Gulf of Mexico production. [O/R]
At the same time, gold prices rose on financial market uncertainty as investors awaited the outcome of the weekend summit of Group of 20 advanced and emerging economies in Toronto. [GOL/]
The energy sector rose almost 1 percent with Canadian Oil Sands Trust COS_u.TO gaining 1.4 percent to C$28.75, and natural gas major EnCana Corp ECA.TO adding 2.4 percent to C$34.03.
Gold producers were up 2.5 percent. Barrick Gold ABX.TO soared 3.3 percent to C$48.08 percent, and Goldcorp G.TO jumped 2.2 percent to C$47.10. Continued...