Canadian stocks rose a second day, paring a weekly loss, after jobs data from Canada and the U.S. spurred speculation central banks won’t raise interest rates soon.
Royal Bank of Canada and Toronto-Dominion Bank increased at least 0.5 per cent to pace gains among the nation’s largest lenders. Gran Tierra Energy Inc. added 1.4 per cent after agreeing to demands from investor West Face Capital Inc. to expand the company board and appoint a new chief executive officer.
The Standard & Poor’s/TSX Composite Index rose 69.54 points, or 0.5 per cent, to 15,158.36 at 10:07 a.m. in Toronto. The gauge has retreated 1.2 per cent this week, headed for a second straight week of declines. Read More…