Business

Photo: The Canadian Press. All rights reserved.

A man walks past a building in Toronto that used to house the Toronto Stock Exchange on Thursday, August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim

The Toronto stock market was little changed Friday in what could be a relatively quiet session, with U.S. markets still in Thanksgiving holiday mode and reopening for a shortened session.

The S&P/TSX composite index was off 10.83 points points to 12,142.27 after gaining 53 points Thursday while the TSX Venture Exchange rose 1.98 points to 1,250.34.

Shares in Research In Motion (TSX:RIM) (NASDAQ:RIMM) were down 57 cents or 4.75 per cent to $11.43. RIM stock spiked 17 per cent Thursday after National Bank Financial analyst Kris Thompson increased his price target for the BlackBerry maker to US$15 from US$12. On the Nasdaq, which was closed Thursday for Thanksgiving, the shares surged 12 per cent to US$11.49.

The Canadian dollar was up 0.03 of a cent to 100.31 cents US amid tame inflation data. Statistics Canada reported that the consumer price index was up 1.2 per cent year over year, slightly higher than an expected reading of 1.1 per cent.

U.S. markets were higher on hopes for solid results from "Black Friday," the unofficial start to the holiday retail season.

The Dow Jones industrials gained 55.55 points to 12,892.44, the Nasdaq composite index is 14.41 points higher to 2,940.96 and the S&P 500 index edged up 5.62 points to 1,396.65.