(Bloomberg) -- Canadian stocks rose, led by LionOre Mining International Ltd., after Xstrata Plc. raised its takeover offer for the nickel miner. Financial shares including Royal Bank of Canada advanced on a U.S. inflation report.
The Standard & Poor's/TSX Composite Index gained 37.30, or 0.3 percent, to 13,940.58 as of 10:21 a.m. in Toronto. The S&P/TSX is up 3.9 percent in May.
Read more at Bloomberg Stocks News
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