Toronto stocks buoyed by resources as oil surges

Mon Jun 30, 2008 9:49am EDT
 
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TORONTO, June 30 (Reuters) - The Toronto Stock Exchange's main index opened stronger on Monday, propelled by rising resource shares that benefited from a record-high oil price.

The S&P/TSX composite index .GSPTSE was up 80.44 points, or 0.56 percent, at 14,435.65 shortly after the opening bell. Of its 10 main sectors, four were higher.

The energy and materials sectors gained 1.4 percent and 1.5 percent, respectively, after crude hit an earlier record above $143 a barrel.

Shares of BCE Inc (BCE.TO: Quote) led the downside, losing C$1.30, or 3.5 percent, to C$35.46, following a newspaper report that said its buyout could be delayed until the end of the year. ($1=$1.01 Canadian) (Reporting by Leah Schnurr)