Canadian Stocks Rise as Gold, Oil Gain on Weaker U.S. Dollar
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Canadian stocks rose for a fifth day as the U.S. dollar fell the most in five months, boosting oil and precious-metal futures.
Barrick Gold Corp., the world’s largest gold producer, increased 1.2 percent as the metal gained for a fifth day. Royal Bank of Canada, Canada’s largest lender by assets, dropped 4.4 percent after failing to meet the average analyst profit forecast for the fifth-straight quarter. Suncor Energy Inc., the country’s biggest oil and gas producer, advanced 1.5 percent as crude climbed to a 25-month high.