TSX Rises, Led By Resource Stocks -- Canadian Commentary

(RTTNews) - Canadian stocks rallied Monday, fueled by bargain hunting among beaten down resource producers as commodity prices steadied.

At last check, the benchmark S&P/TSX Composite Index was up 94.01 points to 13,462.25 amid broad-based gains across most sectors.

Energy stocks rose 1.4%, while gold shares added 2.3%.

January crude oil settled at $41.65/bbl, down 6 cents, or 0.1%, on Nymex. Prices were down 10.6% in November.

Vermillion Energy (VET.TO) edged fractionally higher. The company announced that its Chief Executive Officer Lorenzo Donadeo intends to retire as CEO effective March 1, 2016. He will then transition to the role of Chairman of the Board.

Centerra Gold (CG.TO) rose 1.25 percent. The company announced that Jeff Parr, Vice President and Chief Financial Officer, has informed the Board of Directors of his intention to retire effective March 31, 2016.

BlackBerry (BB.TO) gained 2.1 percent after it announced that the Government of Pakistan has notified BlackBerry that it has extended its shutdown order from November 30 to December 30. BlackBerry will delay its exit from the Pakistan market until then.

Wi-Lan (WIN.TO) was higher after its Collabo Innovations subsidiary entered into a patent license agreement with Powertech Technology Inc.