An ethylene cyclic olefin polymer, particularly an ethylene/norbornene copolymer and an ethylene/norbornene/alpha olefin terpolymer resin, of improved toughness and processibility for film production. This invention provides ethylene based resins which are processible like an LLDPE but which are significantly improved with respect to their capability to be fabricated into a film layer, particularly by a blown bubble extrusion technique. Films prepared of the resins of this invention are significantly improved with respect to certain of their film properties, such as tear strength, without detracting from the beneficial properties that an LLDPE-like resin otherwise provides to a film. Molding application of the above E/NB copolymers and E/NB/O terpolymers is also disclosed.