CANADA STOCKS-TSX rebounds on Fed, global growth outlook; BlackBerry falls

Fri Sep 25, 2015 11:22am EDT
 
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(Updates throughout with market reaction, Blackberry)

* TSX up 115.03 points, or 0.86 percent, to 13,453.7

* Eight of the TSX's 10 main groups rise

By Solarina Ho

TORONTO, Sept 25 (Reuters) - Canada's main stock index rose on Friday, recouping some of this week's losses, following comments from the Federal Reserve that soothed broader concerns about global growth and data that showed the U.S. economy, Canada's largest trading partner, expanded more than forecast.

A fall in BlackBerry Ltd shares modestly tempered some of the gains, however. Shares fell 4.2 percent to C$8.97, after the smartphone maker reported weaker-than-expected quarterly results on Friday.

At 11:06 a.m. EDT (1506 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 115.03 points, or 0.86 percent, to 13,453.7.

Eight of the index's 10 key groups were in positive territory. Advancing issues outnumbered declining ones on the TSX by 153 to 79, for a 1.94-to-1 ratio on the upside.

The most influential positive movers on the index included Canadian National Railway Co, which rose 2.5 percent to C$74.97, and Toronto-Dominion Bank, which advanced 1.5 percent to C$51.77.   Continued...