Canadian Stocks Soar as Energy Shares Rally on Oil Price Gains

Mar. 14, 2013 05:44PM PST

Bloomberg reported that after falling the most since November, Canadian stocks rose as energy producers rally on unexpected decline in US jobless claims which in turn increased the price of oil.

As quoted in the market news:

Canadian Natural Resources Ltd. (CNQ) and Advantage Oil & Gas Ltd. increased at least 4.4 percent, as crude rose to a three- week high. First Quantum Minerals (FM) Ltd. advanced 3.2 percent for its highest close in two months, after an analyst raised his rating for the stock.

Click here to read the full Bloomberg report.