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Canadian Stocks Advance as U.S. Durable-Goods Orders Increase

Canadian stocks rose for a third day, led by banks, as U.S. durable-goods orders doubled the median economist forecast.

Royal Bank of Canada, the country’s largest lender by assets, advanced 2.4 percent after the U.S. Commerce Department said bookings for goods meant to last at least three years increased 4 percent last month. Barrick Gold Corp., the world’s biggest gold producer, declined 3.7 percent as the metal’s futures sank the most since March 2008. Encana Corp., Canada’s largest natural gas producer, climbed 2.5 percent as energy stocks rose.