Canadian Stocks Trim Weekly Losses, Led By Energy -- Canadian Commentary

(RTTNews) - Canadian stocks followed global equities higher on Friday, led by gains in the energy sector. Gauges of most sectors were in the green, but tech stocks posted notable losses as traders reacted to results from Blackberry.

The S&P/TSX Composite Index rose 0.58 percent to 14,260.72, paring this week's losses.

The index was down 0.92 for the week.

In corporate news, BlackBerry's adjusted loss from continuing operations was $42 million, or $0.08 per share, for the quarter.

Shares dropped 7 percent.

Magellan Aerospace Corp (MAL.TO) rose 9 percent after the company reported fourth-quarter net income of C$16.8 million or C$0.29 per share, compared with C$21.8 million or C$0.37 per share last year.

BRP Inc (DOO.TO) plunged 10 percent on reporting a quarterly net loss of $6.3 million due to higher expenses. In the previous corresponding quarter, it posted a net profit of $35.8 million.