UPDATE 3-Golds, oils lift Toronto stock index

Fri Jun 27, 2008 5:27pm EDT
 
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* TSX closes higher after choppy session

* Golds, energy issues gain along with commodity prices

* Financials drag due to credit crunch worries

By Cameron French

TORONTO, June 27 (Reuters) - The Toronto Stock Exchange's main index ended with a moderate gain on Friday as resource issues were propped up by gold and oil prices, while the rest of the market followed the lead of sliding U.S. stocks.

Oil prices hit a record high near $143 a barrel, spurring fears of inflation and economic malaise, which in turn helped push gold prices near $930 an ounce.

"We had oil, gold, and even potash up, and that's pretty much the story. They made up for the declines in the financials," said John Kinsey, portfolio manager at Caldwell Securities.

The S&P/TSX composite index .GSPTSE rose 63.07 points, or 0.44 percent, to finish at 14,355.21.   Continued...