CANADA STOCKS-Commodity stocks help TSX rebound
*TSX rises 1.5 percent after 9 pct fall Thursday
*Energy, materials up as oil edges higher, gold rises
*TD Bank slumps after brokerage cuts price target
*Canada October CPI eases sharply
(Adds quote, details)
TORONTO, Nov 21 (Reuters) - The Toronto Stock Exchange's main index rose at the open on Friday as energy and materials stocks got a lift from firmer commodity prices after the market dropped 9 percent the previous session to its lowest in five years.
The key energy and materials sectors were up 2.8 percent and 6 percent, respectively, as oil and metals prices firmed.
Heavily-weighted stocks that helped the market higher included Bank of Nova Scotia BNS.TO, up 1.8 percent at C$31.10, Goldcorp (G.TO: Quote), which rose 11 percent to C$27.53, and Canadian Natural Resources (CNQ.TO: Quote), higher by 3.7 percent at C$36.75.
"After what happened yesterday we saw a bit of a rebound happening overseas prior to the North American markets opening," said Michael Sprung, president at Sprung & Co. Investment Counsel. Continued...