Canadian Stocks Rise as Wireless Carriers Surge, Miners Rally
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Canadian stocks rose, for the highest close in a week, as the nation’s largest wireless carriers rallied after U.S.-based Verizon Communications Inc. said it would not enter the market.
Rogers Communications Inc. and Telus Corp. advanced at least 5.5 percent as telephone stocks surged the most in more than four years. Teck Resources Ltd. and First Quantum Minerals Ltd. added more than 1.7 percent as the price of copper climbed on signs of improving growth in China and the U.S. BlackBerry Ltd., which is weighing a sale, increased 1 percent after Microsoft Corp. agreed to acquire Nokia Oyj’s handset business.