Canada Stocks Edge Higher as Oil Surges on U.S. Stockpile Drop

(Bloomberg) — Energy producers dragged Canadian shares to a slight gain after a rally in crude oil sent the group surging by the most since June. The S&P/TSX Composite Index rose less than 0.1 percent to 14,803.26 at 4 p.m. in Toronto, with nine of 10 groups retreating. Energy shares jumped 2.3 percent to close at the highest level in more than a year.The rally in oil producers helped Canadian shares rebound after yesterday halting a three-day rally of 1.5 percent as the Bank of Canada warned of weaker inflation and economic growth prospects. The group has carried gains in the past …
Go to Source