Canadian stocks rise for a sixth day





Canadian stocks rose for a sixth day on Monday. The S&P/TSX Composite Index closed up 97.06 points, or 0.74 percent, at 13,276.01.

The index measuring the financial sector on the Toronto Stock Exchange (TSX) decreased 0.36 percent on Monday. Toronto-Dominion Bank (TSX:TD.R) (TSX:TD.P) (TSX:TD.Q) (TSX:TD.O) (TSX:TD.N) (TSX:TD.M) (NYSE:TD) (TSX:TD) dropped 1.90 percent. Royal Bank of Canada
The index measuring the materials sector on the TSX rallied 1. 99 percent after the U.S. Federal Reserve Chair Ben Bernanke hinted on Sunday at further monetary policy easing. Kinross Gold Corp. (TSX:K''D) (TSX:K''C) (TSX:K''B) (OOTC:KNRSF) (NYSE:KGC) (TSX:K) surged 3.09 percent. Yamana Gold Inc. (NYSE:AUY) (TSX:YRI) added 1.75 percent.

The index measuring the diversified metals and mining sector on the TSX climbed 2.20 percent. Teck Resources Ltd., Canada's largest base-metals producer, advanced 3.39 percent.

The BlackBerry maker Research in Motion Ltd. (NASDAQ:RIMM) rose 1.67 percent.

Bank of Nova Scotia, which announced it is acquiring Uruguay's number four private bank, rose 0.88 percent.

The S&P/TSX Composite Index closed up 14.22 points, or 0.68 percent, at 2109.95 on Monday.

On the economical front, Canadian building permits declined 6.5 percent in October, data released by Statistics Canada showed on Monday.

On the currency front, the Canadian dollar weakened slightly against its U.S. counterpart on Monday.

One U.S. dollar was buying 1.0055 Canadian dollars at 5 p.m. local time on Monday, compared with one U.S. dollar buying 1.0038 Canadian dollars on Friday.