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: Quote) added 0.9 percent to finish the day at C$40.03, while Barrick Gold (ABX.TO: Quote) rose 1.2 percent to C$51.84.   Continued...