Canada Stocks Rally to Almost Three-Year High as Gold Rebounds

Canadian stocks are rallying the most in three years, pushing the benchmark equity index to the highest level since 2011, as economic growth accelerates and gold rebounds from its worst year in more than three decades.

The Standard & Poor’s/TSX Composite Index climbed 18 percent since the end of June, the biggest advance over similar time periods since April 2011, according to data compiled by Bloomberg. The gauge closed at 14,001.65 yesterday, compared with its bull-market peak of 14,270.53 on April 5, 2011. It is still 7.1 percent below its record in June 2008.