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: Quote) rose 1.12 percent to C$55.30, while Barrick Gold (ABX.TO: Quote) 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: Quote) dropped 2.9 percent to C$27.47, while Uranium One Inc UUU.TO fell 2.1 percent to C$3.72.   Continued...