Canadian Stocks Rise Amid Earnings as Suncor Leads Energy Gains
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Canadian stocks rose, after the biggest rally in six months yesterday, as Suncor Energy Inc. led a rally in energy companies on better-than-estimated earnings.
Suncor added 6.3 percent as its quarterly profit more than tripled and it cut spending plans. Potash Corp. of Saskatchewan Inc. gained 1.1 percent as the company said it may sell some assets. Bombardier Inc. plunged 9.7 percent after delaying its Global 7000 business jet by two years. First Quantum Minerals Ltd. lost 10 percent after quarterly results missed analysts’ estimates.