CANADA STOCKS-TSX turns negative as RIM, oils drag

Fri Jun 17, 2011 1:08pm EDT
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TORONTO, June 17 (Reuters) - Toronto's main stock market turned lower early on Friday afternoon, pulled down by a plunge in Research in Motion RIM.TO shares in an otherwise advancing market .

Hints of an aid deal for Greece brightened market sentiment, helping eight of the index's 10 main groups to head higher. But the weight of disappointing RIM earnings, which sent the BlackBerry-maker's shares down more than 20 percent to C$27.42, and falling energy shares, overshadowed the Greek optimism.

Toronto Stock Exchange's S&P/TSX composite index .GSPTSE dipped 1.69 points to 12,851.44. (Reporting by Ka Yan Ng; editing by Peter Galloway)