The close: TSX rises, avoids monthly slide despite Valeant woes

Canadian stocks rose on Monday narrowly avoiding a third consecutive monthly slide on February’s final trading day.

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Canadian stocks rose on Monday narrowly avoiding a third consecutive monthly slide on February’s final trading day, as advances among commodities producers overshadowed a slide in Valeant Pharmaceuticals International Inc. The Standard & Poor’s/Valeant Pharmaceuticals Index rose 0.4 per cent, or 47.07 points, to 12,844.86 in Toronto, barely reversing February losses. The index closed on Jan. 29, the final trading day of that month, at 12,822.13.