Canadian stocks rose a fourth day, the longest stretch in five weeks, as energy producers gained after crude halted a five-day slump and gold mining companies increased ahead of Federal Reserve meeting minutes.
Pacific Rubiales Energy Corp. and Surge Energy Inc. advanced at least 2.5 percent as oil climbed in New York. B2Gold Corp. increased 3.4 percent after securing a new revolving credit facility and boosting its gold production.
The Standard & Poor’s/TSX Composite Index rose 51.33 points, or 0.3 percent, to 15,172.35 at 10 a.m. in Toronto. The benchmark equity gauge has increased 1.3 percent in four days, the longest winning stretch since April 10.
Nine of 10 industries in the S&P/TSX advanced on trading volume 15 percent lower than the 30-day average at this time of day.
Pacific Rubiales climbed 4.5 percent and Suncor Energy Inc. increased 2.5 percent as energy producers rallied 0.8 percent as a group. West Texas Intermediate oil for July delivery gained 1.3 percent to $58.73 a barrel in New York.
Barrick Gold Corp. rose 1.2 percent and Agnico Eagle Mines Ltd. added 2 percent. Gold futures for June delivery were little-changed in New York. Investors will watch the Fed minutes for clues on the timing of higher interest rates.
bloomberg.com
Pacific Rubiales Energy Corp. and Surge Energy Inc. advanced at least 2.5 percent as oil climbed in New York. B2Gold Corp. increased 3.4 percent after securing a new revolving credit facility and boosting its gold production.
The Standard & Poor’s/TSX Composite Index rose 51.33 points, or 0.3 percent, to 15,172.35 at 10 a.m. in Toronto. The benchmark equity gauge has increased 1.3 percent in four days, the longest winning stretch since April 10.
Nine of 10 industries in the S&P/TSX advanced on trading volume 15 percent lower than the 30-day average at this time of day.
Pacific Rubiales climbed 4.5 percent and Suncor Energy Inc. increased 2.5 percent as energy producers rallied 0.8 percent as a group. West Texas Intermediate oil for July delivery gained 1.3 percent to $58.73 a barrel in New York.
Barrick Gold Corp. rose 1.2 percent and Agnico Eagle Mines Ltd. added 2 percent. Gold futures for June delivery were little-changed in New York. Investors will watch the Fed minutes for clues on the timing of higher interest rates.
bloomberg.com
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