CANADA STOCKS-TSX rebounds as energy shares lead recovery
* TSX up 81.40 points at 10,558.64
* Energy shares help spur turnaround
* Gold-mining shares cap overall gain (Adds details)
By Frank Pingue
TORONTO, June 5 (Reuters) - Toronto's main stock index was higher shortly on Friday afternoon after a shaky start to the session as a rise in oil prices lent a boost to energy issues and offset the drag of gold-mining shares.
Oil prices, down earlier in the day, turned higher to move closer to the psychologically important $70 a barrel level on hopes that global economic weakness is diminishing and demand will rise.
That helped boost shares of Suncor Energy (SU.TO: Quote) by 2.8 percent to C$38.56, while Petro-Canada PCA.TO followed with a gain of 3 percent to C$48.56. The index's energy sector was up 1 percent.
But investor sentiment was undermined by data that showed the unemployment rate in Canada hit an 11-year high in May while the economy shed more jobs than expected. [ID:N05253705]
"The main point today was in Canada the employment numbers came out a little higher than expected and they were really bad numbers in Ontario," said Steve Ibel, institutional equities trader at Beacon Securities in Halifax, Nova Scotia. Continued...