Venezuela will not ask the Organization of Petroleum Exporting Countries for permission to sell more oil, said Ali Rodriguez, the country's oil minister. JDS Uniphase Corp. and Alcan Aluminium Ltd. helped send the market higher. Canadian National Railway Co. slipped on concern its proposed merger with Burlington Northern Santa Fe Corp. will be unsuccessful. The Toronto Stock Exchange 300 Composite Index rose 19.67, or 0.2 percent, to 8472.60. The shares of Qiao Xing fell 29 to 22 in Nasdaq Stock Market trading of 4.6 million, more than eight times the three-month daily average.
Production rises in Chile.
Production rose 8.5 percent from a year ago, the fastest pace since 8.8 percent in December 1997, the state-run National Statistics Institute said. The jobless rate slid to 10 percent in the three months to November from the prior month's 11 percent.