UPDATE 4-Strong resources push Toronto stocks higher

Fri May 30, 2008 5:20pm EDT
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* Index ends almost 1 percent higher

* Resource shares support rise as commodities prices climb

* Financials end higher after week of bank results

By Leah Schnurr

TORONTO, May 30 (Reuters) - The Toronto Stock Exchange's main index pushed almost 1 percent higher on Friday as it rode the strength of resource issues, which benefited from firm commodity prices.

Energy companies got a boost as crude finished a see-saw session higher. Canadian Natural Resources CNQ.TO gained C$1.99, or 2.1 percent, to C$97.24, while Imperial Oil IMO.TO rose C$1.05, or 1.9 percent, to C$57.75.

The oil and gas group added 1.4 percent overall, while the resource-laden materials sector pushed up 2.4 percent with help from an advance in precious metals prices.

Agnico-Eagle Mines AEM.TO climbed C$2.39, or 3.5 percent, to C$70.35, and fertilizer company Potash Corp of Saskatchewan POT.TO was up C$2.75, or 1.4 percent, at C$197.33.   Continued...