Canada Stocks Rise, Cap July Gain as Oil Rebounds Amid GDP DataBy
S&P/TSX advances 3.7% in July, the fifth in six months
Economic growth in Canada shrank 0.6% in May due to wildfires
Canadian stocks pared a weekly decline as energy producers advanced after crude oil rebounded from the precipice of a bear market. The nation’s equity benchmark completed a monthly gain, after swinging between gains and losses, with disappointing economic data and earnings setting the tone on the last day of July trading.
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