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Canadian Stocks Rally on Oil Gain, Higher IMF Forecast

Canadian stocks rallied following a two-day drop as energy producers advanced after the International Monetary Fund and the Bank of Canada said economic growth will be faster than they had previously forecast.

Suncor Energy Inc., Canada’s largest oil and gas producer, rose 2 percent. Uranium producer Denison Mines Corp. jumped 17 percent after agreeing to sell its U.S. mining assets. Manulife Financial Corp., North America’s third-largest insurer, rose 2.6 percent. Planemaker Bombardier Inc. advanced 3.3 percent after saying its maintenance and spare-parts unit may double revenue in the next five to seven years.