CANADA STOCKS-Oil rebound helps TSX turn higher

Thu May 12, 2011 1:18pm EDT
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TORONTO May 12 (Reuters) - Toronto's main stock index clawed higher on Thursday afternoon from a steep drop earlier in the day as battered energy shares erased losses on a rebound in oil prices.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE turned positive, up 6.01 points at 13,425.75. It had fallen more than 1 percent earlier. Five of the index's 10 sectors were higher, with the energy group up 0.15 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)