CANADA STOCKS-Resource rebound lifts TSX; RIM gains

Wed Nov 10, 2010 5:11pm EST
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* TSX up 26.01 points, or 0.2 percent, at 12,942.64

* Resource shares rebound, lift index from near week low

* RIM up 5.7 pct; to challenge iPad with PlayBook pricing (Adds details, quotes)

By Jennifer Kwan

TORONTO, Nov 10 (Reuters) - Toronto's main stock index ended higher after a volatile session on Wednesday as strength in the price of oil and gold helped to lift the market's hefty commodity-linked issues.

Research In Motion RIM.TO also gave the market a boost, gaining 5.7 percent to C$58.61.

The BlackBerry maker, a late entrant in the booming tablet market, will take on Apple's iPad with competitive pricing of its PlayBook. PlayBook will be priced under $500 and is expected to launch in the first quarter of next year. [ID:nN10165435]

The energy and materials sectors, both down substantially in early trade, recovered to finish with gains 0.3 percent and 0.6 percent, respectively.

Canadian Natural Resources CNQ.TO added 0.9 percent to finish the day at C$40.03, while Barrick Gold ABX.TO rose 1.2 percent to C$51.84.   Continued...