Canada Stocks Rally to 2-Week High Amid China Stimulus Optimism
- Valeant, Concordia rebound to pare weekly losses in drugmakers
- Global stocks advance as China cuts rates to boost economy
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Canadian stocks joined a global equities rally sparked by optimism central-bank stimulus will jumpstart growth.
The nation’s benchmark index rose to a two-week high, as Valeant Pharmaceuticals International Inc. halted a four-day rout. Canada’s largest lenders contributed the most to gains, while materials producers also advanced.