Shares of BlackBerry maker Research In Motion jumped more than 20 percent on Friday, a day after the company surprised investors with a strong profit report and a rosy outlook for its smartphones despite a grim economy.

RIM shares rose C$13.61 to C$74.60 on the Toronto Stock Exchange shortly after the opening bell. On the Nasdaq, the stock shot up $10.29 to $59.38.

($1=$1.24 Canadian)

(Reporting by Wojtek Dabrowski; editing by Peter Galloway)