Canadian Stocks Advance, Led by EnCana, Potash, Royal Bank

By John Kipphoff

Oct. 20 (Bloomberg) -- Canadian stocks advanced for a second day, led by EnCana Corp. and Potash Corp. of Saskatchewan Inc., as the cost of interbank borrowing declined and oil prices rose.

The Standard & Poor's/TSX Composite Index rose 2.1 percent to 9,762.41 at 9:43 a.m. in Toronto.

EnCana, the nation's largest energy company by market value, gained 4.5 percent to C$52.12.

Potash Corp., the world's biggest maker of crop nutrients, advanced 6.6 percent to C$94.59.

Royal Bank of Canada, the nation's largest lender by assets, rose 1.8 percent to C$47.08.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.