CANADA STOCKS-TSX ends lower as RIM outweighs oils

Fri Sep 25, 2009 4:35pm EDT
 
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 * TSX falls 73.37 points to 11,212.39
 * Ends week 2 percent lower
 * RIM shares tumble 16.8 percent
 (Adds details, comments, official numbers)
 By Frank Pingue
 TORONTO, Sept 25 (Reuters) - Toronto's main stock index
ended lower on Friday in a move headlined by Research In Motion
RIM.TO as investors reacted to an outlook by the company that
fell short of analyst forecasts.
 Shares of the BlackBerry maker, by far the biggest drag on
the index, slid 16.8 percent to C$75.04 and pulled the
information technology group down 5.4 percent.
 The TSX managed to struggle back from session lows, but
could not make its way back into positive territory given the
impact of RIM, which posted quarterly earnings and outlook on
Thursday that missed expectations [ID:nN24466680].
 The S&P/TSX composite index .GSPTSE closed down 73.37
points, or 0.65 percent, at 11,212.39. Earlier in the session
it had fallen as much as 111 points to 11,174.61.
 RIM's impact on the index was cushioned by energy shares,
which rallied alongside higher oil prices, given tension around
Iran's nuclear program and improving consumer sentiment in the
United States. [O/R]
 TransCanada (TRP.TO: Quote) rose 1 percent to C$33.73, while
Canadian Natural Resources (CNQ.TO: Quote) ended up 0.9 percent at
C$72.51.
 "We've managed to claw back some of the losses, and if it
were not for RIM I think we would actually have been marginally
on the plus side," said Elvis Picardo, analyst and strategist
at Global Securities in Vancouver.
 For the week, the TSX ended down 2 percent.
 ($1=$1.09 Canadian)
 (Reporting by Frank Pingue; editing by Rob Wilson)