*

TSX ends up 0.7% at 21,942.16

*

Posts its highest closing level since June 12

*

Energy adds 1.3%; oil settles 1% higher

*

BlackBerry up 10.5% on Q1 revenue beat

(Updates at market close)

By Fergal Smith

June 27 (Reuters) - Canada's main stock index rose to a

two-week high on Thursday, with heavily weighted financials and

energy among the sectors to make headway in a broad-based move

as long-term borrowing costs eased and commodity prices climbed.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 148.26 points, or 0.7%, at 21,942.16, its

highest closing level since June 12.

"It's been a tough few weeks for the TSX, especially in

comparison with the S&P," said Christine Tan, a portfolio

manager at SLGI Asset Management Inc. "In the last couple of

days, we've seen the TSX come back a little bit."

The Toronto market was still on course to post a monthly

decline, with the index down 1.5% since the beginning of June.

U.S. benchmark the S&P 500 has advanced 3.9% over the same

period.

"Our managers are really waiting to see what the earning

season looks like and more importantly what guidance sounds like

before we really get a good sense where the TSX is headed," Tan

said.

All 10 major sectors on the Toronto market ended higher,

including a gain of 1.3% for energy as the price of oil

settled 1% higher at $81.74 a barrel.

Gold also rallied. That helped lift metal mining

stocks, with the materials group gaining 0.4%.

Financials added 0.6%, while technology was up 1.4%, helped

by a 10.5% gain for the shares of BlackBerry Ltd ( BB ) after

the company beat first-quarter revenue estimates.

Bond yields eased as U.S. economic data showed a continued

slowdown in activity. That helped boost interest rate sensitive

stocks, with real estate adding 1.6% and utilities up 0.7%.

MDA Space Ltd ( MDALF ) shares jumped 13.5% after the company

was awarded a contract to design and deliver a space robotics

system.