Canadian Stocks Higher; But Research in Motion Plunges After Service Disruptions

By Staff,

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Canadian stocks are tracking higher today, carried by optimism Spanish and European officials are nearing agreement on a bailout package for the struggling economy. Natural resource stocks are helping pace TSX gains with both crude oil and gold prices rising in commodities trade. But selling in Research In Motion (RIM.TO) is capping gains.

Here's where the Canadian markets stand today:

- S&P/TSX Composite Index up 35.40 (0.29%) to 12,444.65.

- S&P/TSX Venture Composite Index up 11.18 (+0.8%) to 1,346.07.

In company news, Research In Motion Ltd. (RIMM,RIM.TO) has largely restored service after struggling with an outage affecting BlackBerry users on three continents on Friday. "Some users in Europe, Middle East & Africa are experiencing issues with their BlackBerry service," the company wrote in a Twitter message today. Just a few hours later, the company said it had fixed the problem although there was no word on what caused the problem or how many users had been affected.

RIMM shares are down 6% and have hit fresh year lows.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
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