Canadian stocks rose, after the benchmark index followed global equities lower yesterday, as BlackBerry surged and energy shares rallied amid a recovery in oil prices.
BlackBerry, formerly known as Research in Motion, jumped 9.3 percent after wireless carrier BCE Inc. said the Z10 smartphone has attracted record orders. Westjet Airlines Ltd. advanced 1.4 percent on record capacity levels in January. New Gold Inc. added 0.7 percent after reporting that fourth-quarter gold production climbed.
The Standard & Poor’s/TSX Composite Index (SPTSX) climbed 27.57 points, or 0.2 percent, to 12,745.19 at 10:35 a.m. in Toronto. The benchmark gauge dropped 0.4 percent yesterday. It has gained 2.5 percent this year.
Global equities rebounded today after yesterday’s slump sparked by renewed concern that Europe’s debt crisis will intensify. Italian two-year notes recovered after yields reached a one-month high. Oil advanced 0.8 percent after the biggest loss in two months.
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