Canada Stocks Rise, Reverse Loss as Couche-Tard Jumps to Record

(Bloomberg) — Canadian stocks rose, rebounding from early declines to halt a four-day slide, as advances in consumer and health-care companies overcame losses in natural-resource producers. The S&P/TSX Composite Index rose 0.4 percent to 14,748.19 at 4 p.m. in Toronto, after the benchmark fell as much as 0.5 percent. A rising U.S. dollar weighed on commodities, with the currency climbing after a Federal Reserve official signaled interest rates may rise this year. Trading volume was 10 percent lower than the 30-day average.Consumer staples and health-care stocks jumped on corporate news, driving the S&P/TSX higher. Alimentation Couche-Tard Inc. climbed 7.5 percent to a record after the convenience store operator agreed to buy San Antonio-based CST Brands in a cash deal valued at almost $4 billion, its biggest-ever acquisition to expand its foothold in Texas and eastern Canada.In a separate transaction Couche-Tard has also agreed to sell the majority …