Canadian stocks zoomed up a third day, after advancing the most in two weeks yesterday, as surging technology shares offset a decline in oil producers before a U.S. Federal Reserve policy statement tomorrow. Wi-Lan Inc. skyrocketed 3.6 percent to lead technology stocks greater. Rockwell Diamonds Inc. appreciated the most in four years after the firm found four rough diamonds of at least 100 carats. Potash Corp. of Saskatchewan Inc. and Agrium Inc. backslide more than 1.5 percent after a rival producer trim its quarterly forecast for fertilizer sales and prices. Economic Data Factory sales advanced 1.7 percent to C$49.5 billion in July, the fastest in five months, on gains for commodities producers from crude to lumber and fabricated metals. The increase exceeded all 18 economist forecasts in a Bloomberg survey. Valeant Pharmaceuticals Valeant Pharmaceuticals International Inc. (VRX) leaped 1.3 percent to C$105.83, the highest close in a month, after Gary Nachman with Goldman Sachs Group Inc. initiated coverage of the drugmaker with a buy rating. Fertilizer Markets Global fertilizer markets have weakened, in part, because of fertilizer distributors’ cautiousness related to the breakup of Belarusian Potash Co., Mosaic said in a statement. On July 30, OAO Uralkali, the world’s largest potash producer, quit Belarusian Potash, the largest trader of the crop nutrient, because of a dispute with its partner Belaruskali. “Dealers are cautious and are deferring purchases,” Jim Prokopanko, Mosaic’s chief executive officer, said in the statement. Rockwell Diamonds leaped 45 percent to 42 Canadian cents, the most since June 2009, after announcing it has recovered four rough diamonds, one as large as 169 carats, from its operations in the Middle Orange River region in South Africa. The stones will be sold into a joint venture with Steinmetz Diamonds at market value, the company said in a statement.
