Monday, April 16, 2007

Canada Stocks Rise on Commodities, Mergers Speculation; BCE, Algoma Gain

(Bloomberg) -- Canadian stocks rose for a third day, led by BCE Inc., which advanced on a report that its biggest investor has the support of more than third of BCE shareholders for a takeover at C$40 ($35.34) a share.

Shares of commodity producers gained, as prices for copper and gold extended rallies, and Algoma Steel Inc. became the latest Canadian company to agree to be bought.


Read more at Bloomberg Stocks News

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