At midday: TSX rises as BlackBerry, energy stocks lead rally [Toronto Globe and Mail (Ontario, Canada)]
BLACKBERRY LTD COMMON (BBRY)
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Source: Toronto Globe and Mail
Canada’s main stock index rose on Thursday in a broad rally led by steady oil prices that bolstered energy stocks, and a surge in BlackBerry Ltd. shares. BlackBerry was among the most influential gainers, jumping 8.3 per cent to $15.46 after Citron Research said it had a 24-month price target of $20 on the stock on expectations the software company will profit from the increasing application of its security and other software technology in various industries, such as automotive. The overall technology sector rose 1.1 per cent. The Toronto Stock Exchange’s S&P/TSX composite index rose 76.88 points, or 0.5 per cent, to 15,426.79. Of the index’s 10 main groups, only materials, hurt by falling metal prices, retreated. The energy group climbed 1.0 per cent. Enbridge Inc. was the most influential advancer in the group, rising 0.9 per cent to $52.49. The price of oil, a key Canadian export, was steady a day after diving 3 per cent on higher OPEC crude output , after an industry report
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