Photo: The Canadian Press. All rights reserved.

The fading name on the former building of the Toronto Stock Exchange is seen on August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

The Toronto stock market gained traction shortly after the open on Friday as commodity prices moved higher.

The S&P/TSX composite index was ahead 49.05 points to 12,458.30. The TSX Venture Exchange rose 10.68 points to 1,345.57.

The Canadian dollar increased 0.23 of a cent to 102.64 cents US.

Both crude oil and gold pushed for gains in the early morning. November crude on the New York Mercantile Exchange moved up 86 cents to US$93.28 a barrel.

The December bullion increased $15.50 to US$1,785.70 an ounce. December copper was up 3.3 cents to US$3.79 a pound.

A report from Statistics Canada showed that Canada's inflation rate continued to slide in August, dipping one-tenth of a point to 1.2 per cent as most goods and services tracked by the agency fell or rose moderately compared with the same month last year.

On Wall Street, the Dow Jones industrials gained 42.78 points to 13,639.71. The Nasdaq composite index trekked ahead 18.90 points to 3,194.86 and the S&P 500 index was 6.3 points higher to 1,466.56.

Research In Motion (TSX:RIM) says it's investigating the cause of a BlackBerry outage affecting users in Europe, Middle East and Africa on Friday, though the company said the problem has since been resolved. The technical glitch came as Apple launches its new iPhone 5 model in stores.