(Bloomberg) – Canadian stocks increases, following the biggest fall since June yesterday, as an advance in gold producers out-shined data displaying a decrease in the nation’s wholesale sales.
Alacer Gold Corp. and Kinross Gold Corp. increased a minimum of 3.7%. Bankers Petroleum Ltd. backed 2.6% as crude dropped for a second day. BlackBerry Ltd. declined 1.1% more losses for the fourth day. Paladin Energy Ltd. fell 4.2% after analysts lowered their ratings for the stock.
The S&P’s/TSX Composite Index increased 0.3%, or 41.99 points to reach 12,630.01 at 10:18 a.m. in Toronto. The index has grown 1.6% this year.
Canadian wholesale sales dropped in June from a record the previous month with decreases in every main category, adding to clues of a mid-year stoppage in the world’s 11th largest economy.