(Bloomberg) -- Canadian stocks may rise on speculation
there will be more takeovers of the country's commodity producers,
following a report that France's Total SA may bid for Western Oil
Sands Inc.
Global demand for energy and metals has helped some
commodities rise to record prices, while historically low borrowing
costs have fueled a takeover boom. That has helped the Canadian
stock index, of which almost half is commodity-related, rise to a
record this month. Gains in commodity stocks may be limited today
as crude oil fell from near a nine-month high in New York and
copper snapped two days of gains in London.
Read more at Bloomberg Stocks News
there will be more takeovers of the country's commodity producers,
following a report that France's Total SA may bid for Western Oil
Sands Inc.
Global demand for energy and metals has helped some
commodities rise to record prices, while historically low borrowing
costs have fueled a takeover boom. That has helped the Canadian
stock index, of which almost half is commodity-related, rise to a
record this month. Gains in commodity stocks may be limited today
as crude oil fell from near a nine-month high in New York and
copper snapped two days of gains in London.
Read more at Bloomberg Stocks News
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