Canada Stocks Rise a 2nd Day as Insurers, Energy Producers Rally

Canadian stocks rose a second day, as energy producers advanced after oil prices climbed and insurance companies led financial shares higher.

Sun Life Financial Inc. and Manulife Financial Corp. advanced at least 1.2 percent to pace gains among financial stocks. BlackPearl Resources Inc. surged 3 percent as crude prices advanced for a second day. DragonWave Inc. (DWI), a network equipment maker, soared 14 percent after announcing a deal to sell its services into the Chinese market. Copper Mountain Mining Corp. added 5.1 percent after reporting improved production in the fourth quarter.

The Standard & Poor’s/TSX Composite Index (SPTSX) rose 54.60 points, or 0.4 percent, to 13,746.98 at 10:22 a.m. in Toronto.

To contact the reporter on this story: Eric Lam in Toronto at elam87@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

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