Canadian Stocks Rise as BlackBerry Gains, Energy Shares Advance
Canadian stocks rose, as BlackBerry Ltd. advanced and energy companies climbed after the U.S. Congress took a step toward authorizing a military strike in Syria.
BlackBerry gained 1.8 percent to C$11.48, bringing its gain this week to 7.8 percent, after a report yesterday the mobile phone maker aims to find a buyer by November. Inter Pipeline Ltd. gained 1.6 percent to lead energy companies higher as oil futures rose.
The Standard & Poor’s/TSX Composite Index rose 25.29 points, or 0.2 percent, to 12,783.10 as of 9:58 a.m. in Toronto. Trading volume was 2.2 percent higher than the 30-day average at this time of the day.
Oil prices climbed from the lowest price in more than a week after a U.S. Senate panel yesterday voted to authorize President Barack Obama to conduct a limited U.S. military operation against Syria because of its use of chemical weapons.
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