Canadian Stocks Rise as Fuel, Copper, Gold Producers Advance With Futures

Canadian stocks rose for the first time in three days, led by energy and raw material producers, as commodities advanced and some traders speculated the U.S. Federal Reserve would try to provide further economic stimulus.

Teck Resources Ltd., Canada’s biggest base-metals and coal producer, gained 3.7 percent as copper rallied on prospects of Chinese demand. Suncor Energy Inc., the country’s largest oil and gas producer, increased 1.8 percent as oil reached a three- week high. Air Canada, the country’s largest airline, surged 13 percent after saying second-quarter profit increased.

The Standard & Poor’s/TSX Composite Index increased 86.41 points, or 0.8 percent, to 11,629.88. Most of the gain occurred late in the trading day on speculation that Fed Chairman Ben S. Bernanke will announce a lowering of the interest rate the central bank pays on banks’ excess reserves to stimulate economic growth. (more)