Canadian Stocks Rise, Trimming First Monthly Decline Since May
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Canadian stocks erased losses in the final minutes of trading, paring the first monthly drop for the Standard & Poor’s/TSX Composite Index since May, before MSCI Inc. rebalanced its global indexes after a semi-annual review.
Dollarama Inc., the only Canadian stock added to the MSCI Canada Index, rallied 1.5 percent. Nexen Inc., which is awaiting approval of its sale to China’s Cnooc Ltd., rallied 4.9 percent to snap nine days of losses after Canadian Prime Minister Stephen Harper said the government will soon make decisions on foreign-investment guidelines.