(Bloomberg) -- Canadian stocks rose as the 10-year
government bond rallied, pushing down the note's yield from a near
three-year high. Financial shares including Royal Bank of Canada
gained, after declining five of the last six days as bond yields
were increasing.
The Standard & Poor's/TSX Composite Index gained 88.34, or 0.6
percent, to 13,812.67 as of 9:41 a.m. in Toronto. The benchmark had
slipped 3 percent after rising to an all-time high June 4, as
investors speculated rising bond yields and higher interest rates
will reduce the appeal of equities.
Read more at Bloomberg Stocks News
government bond rallied, pushing down the note's yield from a near
three-year high. Financial shares including Royal Bank of Canada
gained, after declining five of the last six days as bond yields
were increasing.
The Standard & Poor's/TSX Composite Index gained 88.34, or 0.6
percent, to 13,812.67 as of 9:41 a.m. in Toronto. The benchmark had
slipped 3 percent after rising to an all-time high June 4, as
investors speculated rising bond yields and higher interest rates
will reduce the appeal of equities.
Read more at Bloomberg Stocks News
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