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TSX ends up 1.1% at 30,103.48

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Posts its biggest gain since October 14

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Materials group gains 2.7% as gold rises

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Technology adds 2.9%

(Updates at market close)

By Avinash P and Fergal Smith

TORONTO, Nov 5 (Reuters) - Canada's main stock index

rebounded on Wednesday, with technology and resource-linked

shares leading broad-based gains as gold prices rose and

investors cheered stronger-than-expected U.S. economic data.

The S&P/TSX composite index ended up 325.66

points, or 1.1%, at 30,103.48, its biggest advance since October

14. On Tuesday, the index posted its lowest closing level in

nearly six weeks.

U.S. stocks also rebounded from the previous day's selloff

as jitters over inflated tech stock valuations abated and upbeat

earnings and U.S. private payroll data fueled optimism.

"Gold has been a very large part of the moves of the TSX,"

said Allan Small, senior investment advisor at Allan Small

Financial Group with iA Private Wealth. "So when gold is moving

higher, it tends to take the market up with it."

The materials group, which includes metal mining

shares, climbed 2.7%. Gold was up 1.3%, clawing back some

recent declines.

The price of oil also increased, settling 1.6% higher

at $69.60 a barrel, in a boost for energy. The sector

added 2.1%, with shares of Suncor Energy ( SU ) adding 4.3%

after the company beat third-quarter profit estimates.

Technology was up 2.9%, helped by a gain of 5.1%

for the shares of electronic equipment company Celestica Inc ( CLS )

. All 10 major sectors ended higher.

Bombardier BBDb.TO said its Global 8000 business jet, expected

to be the fastest civilian plane since the Concorde, has

received a certification from Canada's transport regulator.

Shares of Bombardier, which could also benefit from a budget

proposal to remove a luxury tax on the sale of private planes

and vessels, rose 1.7%.

Cargojet Inc was among the biggest decliners. Its

shares shed 13.9% after the company reported declining revenue.