CANADA STOCKS-Resource issues help power TSX to big rally

Thu Nov 13, 2008 5:24pm EST
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* Benchmark index rises 4.8 percent

* Energy stocks up 7 pct as oil rises

* Materials shares gain 10 pct as gold price soars

* Loblaw up 6 pct after quarterly results

* (Adds quotes, details)

By Jennifer Kwan

TORONTO, Nov 13 (Reuters) - The Toronto Stock Exchange's main index soared toward the end of Thursday's session, closing nearly 5 percent higher as energy and materials issues rose with commodity prices and on hopes the market is close to finding a bottom.

The benchmark index see-sawed through a huge 780-point range from trough to peak as it tried to find its footing in a choppy session.

Among heavily weighted stocks that helped push the index higher were EnCana Corp ECA.TO, up 8.7 percent at C$58.11, and Goldcorp G.TO, which rose 16.9 percent to C$27.99.   Continued...