(Bloomberg) -- Canadian stocks rose for the first time
in four days, after a report that Germany's ThyssenKrupp AG is in
talks to buy U.S. Steel Corp. rekindled takeover speculation
surrounding Canadian commodity producers.
The speculation helped the market pare its worst weekly loss
in three months, touched off by concerns that inflation and higher
global interest rates will curb economic growth. Financial shares
including Royal Bank of Canada rose after leading the Standard &
Poor's/TSX Composite Index lower all week. Commodity producers such
as Teck Cominco Ltd. and Canadian Natural Resources Ltd. erased
declines, even as copper and crude oil prices dropped.
Read more at Bloomberg Stocks News
in four days, after a report that Germany's ThyssenKrupp AG is in
talks to buy U.S. Steel Corp. rekindled takeover speculation
surrounding Canadian commodity producers.
The speculation helped the market pare its worst weekly loss
in three months, touched off by concerns that inflation and higher
global interest rates will curb economic growth. Financial shares
including Royal Bank of Canada rose after leading the Standard &
Poor's/TSX Composite Index lower all week. Commodity producers such
as Teck Cominco Ltd. and Canadian Natural Resources Ltd. erased
declines, even as copper and crude oil prices dropped.
Read more at Bloomberg Stocks News
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