TORONTO (Bloomberg) — Canadian stocks rose a fifth-straight day, extending a rebound from their biggest drop in nine months, as raw-materials companies including Teck Cominco Ltd. rose on higher metals prices and takeover speculation.The Standard & Poor’s/TSX Composite Index added 7.78, or 0.1 percent, to 13,065.15 in Toronto. The benchmark has gained 2.8 percent since March 5, rallying back from a 3.6 percent drop over the previous week on concern growth in global demand for Canadian resources may slow. A gauge of raw-materials shares added 0.7 percent and contributed the most to the S&P/TSX’s advance today.

“The base metals hung in there pretty well,” said Paul Hand, managing director, equity trading, at RBC Capital Markets in Toronto. “No one sees a collapse on global demand. Global investors are playing those sort of areas in Canada <\m> the metals and energy.”

Lead gained the most in 15 years on a strike and nickel rose to a record, in London, on speculation that an increase in stockpiles will be insufficient to satisfy growing demand. Copper and aluminum also advanced. Gold fell for a second straight session in New York, as declining energy costs reduced the appeal of the precious metal as a hedge against inflation.

Teck Cominco, the second-biggest producer of zinc, added 56 cents to C$80.23. First Quantum Minerals Ltd., a miner of copper in Africa, rose C$1.47 to C$66.75.

Alcan Inc. added 39 cents to C$63.13. Chief Executive Officer Richard Evans said today that he wouldn’t welcome a takeover bid by Brazil’s Cia. Vale do Rio Doce, as was speculated earlier this month in Estado de S. Paulo, a Brazilian newspaper,

FNX Mining Co. gained C$1.03, or 4.8 percent, to C$22.70, on speculation the nickel miner may be a takeover target. HudBay Minerals Inc., a zinc producer, said last week that it’s considering buying a North American nickel producer, according to UBS Securities analyst Tony Lesiak, who said in a note that FNX is the most likely partner. HudBay slipped 5 cents to C$20.75.