Canada Stocks Advance as Financials, Ballard Gains Offset Oil
- Crude drops as flow continues through Turkey after failed coup
- Ballard jumps on $168 million deal to make fuel cells in China
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Canada’s largest insurance companies rose, helping boosting the nation’s benchmark equity gauge, as Ballard Power Systems Inc. jumped to the highest level in a year after agreeing to a $168-million deal to produce fuel cells in China.
The Canadian equity benchmark S&P/TSX Composite Index added 0.4 percent to 14,532.4 at 4 p.m. in Toronto, following three weeks of gains. Trading volume was 40 percent lower than the 30-day average.