CANADA STOCKS-Resources, GDP data buoy TSX in light trade

Mon May 30, 2011 10:42am EDT
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* TSX climbs 0.3 percent to 13,839.49

* Nine of 10 main sectors rise, led by resources

* Uranium producers fall as Germany eyes nuclear exit

* Utilities drawn lower by Fortis

* First-quarter GDP strongest in a year (Adds details)

TORONTO , May 30 (Reuters) - Toronto's main stock index rose on Monday morning, helped by a modest advance in commodity issues, though trading was muted.

Materials led the way higher, up 0.6 percent, buoyed by steady commodity prices. Fertilizer giant Potash Corp POT.TO rose 1.12 percent to C$55.30, while Barrick Gold ABX.TO rose 0.3 percent to C$46.50.

Uranium producers, however, were under pressure after Germany said it wants to shut all its nuclear reactors by 2022, a policy reversal drawn up in a rush after the Fukushima disaster in Japan. [ID:nLDE74T0GY]

Cameco Corp CCO.TO dropped 2.9 percent to C$27.47, while Uranium One Inc UUU.TO fell 2.1 percent to C$3.72.   Continued...