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.
Allen Chan’s resignation as chief executive officer of Sino-Forest Corp., which is accused of exaggerating timber holdings, marks the second time in 22 years the Chinese entrepreneur has lost control of a company he founded.
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 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, paring their first yearly loss since 2008, as financial and energy shares gained.
Canadian stocks rose, completing their biggest weekly gain since July 2010, as medium-sized energy companies advanced after the U.S. reported an increase in retail sales.
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 for a second day, led by financial shares, as concern increased that the debt crisis in Europe will spread to more countries.