This is part why RIM will continue to rise due to stronger than excepted U.S. numbers. RIMM to reach its all time high in September and could surpuss the $43.00 .
Toronto stocks were seen moving ahead in early action in the face of unexpectedly tame U.S. producer price data. * U.S. PPI gained 0.2 percent in July -- below economists' forecasts -- after a revised 0.1 percent decline in June. * Core PPI, excluding food and energy prices, was flat.
TORONTO, Aug 13 (Reuters) - Traders predicted that Friday the 13th would not be cause for superstition on Toronto stock markets after the release of unexpectedly tame U.S. producer price data.
``Seems like a good number,'' said Rick Hutcheon, president and chief investment officer at Nova Funds. ``It looks like the markets should rally now in the face of that.''
U.S. PPI gained 0.2 percent in July after a revised 0.1 percent decline in June. Core PPI, excluding volatile food and energy prices, was unchanged in July after a revised 0.2 percent slip in June.
Economists surveyed by Reuters had predicted that overall PPI would climb 0.3 percent and that core PPI would move ahead 0.1 percent.
Analysts said that while this was a friendly report, they still expected a quarter-point rate increase at the October 24 Federal Open Market Committee meeting.
Canada's composite leading indicator rose just 0.1 percent in July as demand for durable goods slackened off. The rise was the lowest monthly gain since last November.
On Thursday, the Toronto Stock Exchange's 300 Composite Index closed 5.77 points, or 0.08 percent, higher at 6914.83 points, retreating from stronger gains made at the opening.
The blue-chip S&P/TSE 60 index gained 0.14 points, or 0.03 percent, to end at 405.08 points.
In New York, the Dow Jones Industrial Average ended up just 1.59, or 0.01 percent, at 10,789.39 points. The technology-laden Nasdaq index fell 15.48 points, or 0.60 percent, at 2549.50.