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Toronto Stocks Recover, Led Higher by Energy Sector
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Toronto stocks rose modestly, led by energy sector gains due to rising oil prices amid geopolitical concerns. The S&P/TSX Composite Index increased by 0.5%, with notable gains in Athabasca Oil, Canadian Natural Resources, and Cenovus Energy. Royal Bank of Canada shares rose 1.4% after raising its dividend, while National Bank of Canada fell 1%. Enbridge shares ticked up 0.2% following a dividend increase announcement. Tamarack Valley Energy surged 6.1%, while Transat A.T. dropped 10% after Air Transat pilots voted for a strike.
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