Economics
Canadian Stocks Rise as RIM Soars on Analyst Outlook
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Canadian stocks rose for a fifth day as Research In Motion Ltd. gained the most in more than three years and better-than-expected Chinese manufacturing data indicated the world’s second-largest economy is rebounding.
RIM surged 18 percent, the biggest gain since April 2009, after an analyst with National Bank Financial raised his estimates for BlackBerry 10 sales next year. Colossus Minerals Inc. climbed 3.8 percent as gold rose. Royal Bank of Canada and Toronto-Dominion Bank advanced. U.S. markets were closed today for the Thanksgiving holiday.