Canadian Stocks Rise as U.S. Dollar Slips, Metal Producers Gain
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Canadian stocks rose, completing a a weekly gain, as a weaker dollar boosted raw-material producers and companies including Morgan Stanley and Apple Inc. topped analysts’ profit estimates.
Barrick Gold Corp., the world’s largest gold producer, advanced 1.5 percent as the metal settled above $1,500 an ounce for the first time. Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer by market value, climbed 1.2 percent after Mackie Research Capital Corp. raised its rating on the company. BlackBerry maker Research In Motion Ltd. dropped