Canadian stocks rose a third day, capping a fifth straight monthly advance, as data showed growth in Canada accelerated in the third quarter at the fastest pace in two years amid a gain in consumer spending.
Environmentalists opposed to the Keystone XL pipeline are expanding their fight against imports of Canadian heavy crude oil by trying to block rail projects that offer another way for it to enter the U.S.
Investor Dan Loeb’s decision to take a stake in FedEx Corp. is poised to heighten scrutiny of the role played by Fred Smith, who has run the airfreight company since its founding more than 40 years ago.
Record crops in Canada, the world’s top canola grower and second-largest wheat exporter, are overwhelming the country’s rail system, creating a shortage of grain cars and slowing shipments to foreign buyers.
Canadian stocks fluctuated, after the biggest weekly gain since July, as gains in miners offset declines among energy producers before the U.S. Federal Reserve meets tomorrow to consider extending monetary stimulus.
Pershing Square Capital Management LP, the $11 billion activist hedge-fund firm run by Bill Ackman, posted a 7.9 percent net gain in its main strategy in October, according to a performance update obtained by Bloomberg News.