UPDATE 4-Toronto stocks get big lift from resources
(Adds details, quotes)
* TSX rebounds 1.6 pct after Tuesday's steep loss
* Resource sectors lead upside
* Agrium gains 5 percent after strong quarterly earnings
By Leah Schnurr
TORONTO, Aug 6 (Reuters) - The Toronto Stock Exchange's main index rallied more 200 points on Wednesday, spurred by a rebound in resource sectors and a strong quarterly profit from fertilizer firm Agrium.
The materials and energy groups provided the main impetus for the gains as investors returned to stocks that were battered in a steep selloff in the previous session.
The energy sector benefited from the rebound even though oil prices fell to a low near $117 a barrel before settling at $118.58. In Toronto, Canadian Natural Resources CNQ.TO gained 5.7 percent.
Agrium AGU.TO rose 5.3 percent after the world's third-largest nitrogen producer said profit more than doubled in the wake of surging demand and prices for fertilizer. Continued...