Economy: Canadian Stocks Rise on Commodities Rally Led by Oil

Canadian stocks rose for a second day as a rally in commodity prices offset concern over a slowing global economy.

Energy companies contributed most to the advance among 10 industries in the Standard & Poor’s/TSX Composite Index (SPTSX), while banks and raw-materials producers lost the most. Suncor Energy Inc. (SU), the nation’s largest oil company, advanced 1.1 percent. Royal Bank of Canada (RY) and Bank of Nova Scotia (BNS) retreated at least 0.2 percent.

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