Canadian stocks rose as industrial and energy shares advanced amid improving confidence in economic growth in the U.S., the country’s largest trading partner.
Canadian stocks fell the most in two months as metal and crude oil prices dropped on a stronger U.S. dollar and Canadian National Railway Co . failed to boost its profit forecast.
Canadian stocks rose to a 19-month high, erasing losses from earlier in the day, as energy companies rallied and BlackBerry surged on takeover speculation.
Canadian stocks fell after the government blocked Petroliam Nasional Bhd.’s C$5.2 billion ($5.23 billion) takeover of Progress Energy Resources Corp., casting doubts on Cnooc Ltd.’s bid for Nexen Inc.
Canadian stocks fell for a second day, led by financial companies, after Canadian retail sales and U.S. home prices decreased.
Canadian stocks fell as energy prices declined on forecasts that a tropical storm may not affect oil and gas production in the Gulf of Mexico.