Economics
Canada Stocks Rise as Commodities Producers Pare Monthly Losses
- S&P/TSX drops 0.4% for sixth monthly loss in past seven
- New York gold futures pare 10 percent drop this year
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Canada stocks rose, trimming their sixth monthly loss in seven, as commodities producers advanced with gold increasing for the first time in three sessions and the nation’s largest banks rose ahead of fourth-quarter earnings.
Energy stocks advanced 1.3 percent, recovering from an Oct. 2 low, while raw-materials producers increased 2.4 percent to lead equities higher. Gold futures for February delivery gained 0.9 percent in New York, the first advance since Nov. 24.