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Posted By Ther 6 months ago in Business & FinanceCanadian stocks gained for the first time in three days, led by raw-material shares, as Teck Resources Ltd. sold a stake to China’s sovereign wealth fund.
Teck Resources, Canada’s largest diversified mining company, jumped 8.1 percent after selling a 17 percent stake to China Investment Corp. for C$1.74 billion ($1.5 billion) to cut debt. Potash Corp. of Saskatchewan Inc., the world’s biggest producer of the namesake fertilizer, rose for a second day after a Russian potash producer increased prices.
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