CORRECTED - Toronto stocks emerge from slump with 100-pt rise

Thu Jan 17, 2008 10:49am EST
 
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(Correcting oil price in third paragraph to $91.70 a barrel)

TORONTO Jan 17 (Reuters) - The Toronto Stock Exchange's main index bounced back on Thursday following a two-day plunge, boosted by firm commodity prices and data that suggested strength in the U.S. job market.

The S&P/TSX composite index .GSPTSE was up 100.45 points, or 0.8 percent, at 13,175.31. All of the index's main groups were higher, with energy leading the way.

U.S. crude oil climbed to above $91.70 a barrel as tension ramped up in the oil-rich Middle East, and spot gold rose ahead of a speech by U.S. Federal Reserve Chairman Ben Bernanke.

Meanwhile, U.S. jobless claims fell unexpectedly last week, partly easing fears of a recession.

Research In Motion RIM.TO, the BlackBerry maker, was the biggest weight gainer, up C$2.37 at C$93.64.

($1=$1.02 Canadian) (Reporting by Jonathan Spice; Editing by Bernadette Baumr)