Canadian stocks advanced as gold producers climbed on rising bullion prices, offsetting losses among lenders after Royal Bank of Canada reported weaker-than-estimated earnings.
Detour Gold Corp. and Barrick Gold Corp. jumped at least 6.9 percent as the metal touched a two-week high on speculation the U.S. central bank will maintain its bond-purchasing program. Royal Bank slid 1.8 percent after earnings trailed analysts’ forecasts. Talisman Energy Inc. advanced 1.5 percent after saying it may reduce its stake in some properties.
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