CANADA STOCKS-TSX little changed as gold, RIM fall; energy up

Fri Sep 25, 2009 10:31am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 10.04 points, or 0.09 percent, to 11,295.80

* RIM falls 14.7 percent after outlook

* Information technology down 4 percent

* Energy sector climbs 1.2 percent

(Adds details, quote)

By Jennifer Kwan

TORONTO, Sept 25 (Reuters) - Toronto's main stock index was little changed on Friday morning as strength in energy shares offset weak gold prices and a drop in Research in Motion after it delivered a disappointing outlook.

Shares of Research In Motion RIM.TO RIMM.O, the top net loser, tumbled 14.7 percent to C$76.93 after the BlackBerry maker reported a lower profit on Thursday and gave an outlook that fell short of analysts' expectations. [ID:nN24466680] RIM helped to drag the information technology sector down by 4 percent.

Joining the list of influential movers on the downside were gold miners including Barrick Gold ABX.TO, which dropped 0.3 percent to C$39.50, and Goldcorp G.TO, down 1.1 percent at C$42.46, and Kinross Gold K.TO, which fell 1.1 percent to C$22.64. The price of gold hit a two-week low. [GOL/]   Continued...