2015.01.0800:55:44UTC+00Canadian stocks recover from worst decline in 19 months

Canadian stocks recovered from the its biggest two-day rout since 2013 after consumer shares surged to overshadow energy producers slump.

The Standard & Poor’s/TSX Composite Index added 0.3% or 38.23 points to 14,285 in Toronto. The gauge pared earlier advances that reached as much as 1.3%. Among the index’s 10 main industries, eight rallied.

Valeant Pharmaceuticals International Inc. closed at a record high, adding 1.6% to lead the stocks in the index.

Meanwhile, US stocks ended a five-day losing streak with the S&P 500 advancing to its biggest gain in three weeks as US crude oil prices rebounded from a four-day slump and the Fed minutes were released.