Showing posts with label Canadian stocks. Show all posts
Showing posts with label Canadian stocks. Show all posts

Monday, July 16, 2007

Canada Stocks Fall, Led by Cameco, on Uranium Price Concerns; Encana Slips

(Bloomberg) -- Canadian stocks fell, led by Cameco
Corp., on concern that shares of uranium producers are overpriced.
Natural gas future in New York had the steepest drop in almost a
month, pushing energy shares lower.

Cameco, the world's largest uranium producer, dropped after
investors sold short a record number of the company's shares in
June. EnCana Corp., Canada's largest natural-gas producer, fell for
first time in four days.


Read more at Bloomberg Stocks News

Canadian Stocks Fall as Gas and Copper Prices Slip; Encana, Cameco Slide

(Bloomberg) -- Canadian stocks fell after natural gas
and copper prices dropped, pushing the shares of energy and raw
material producers lower.

EnCana Corp., Canada's largest natural-gas producer, dropped
1.4 percent to C$66.34, the first decline in four days. Canadian
Natural Resources Ltd., Canada's second-largest gas producer, fell
1.5 percent to C$73.05.


Read more at Bloomberg Stocks News

Monday, July 9, 2007

Canada Stocks Rise on Profit, Buyout Speculation; Barrick and Alcan Gain

(Bloomberg) -- Canadian stocks rose, pushing the main
stock index to a record, as Barrick Gold Corp. gained on optimism
materials producers will profit from higher prices for gold and
copper. Takeover speculation also propelled the market.

Shares of Alcan Inc., Canada's biggest aluminum producer,
advanced on reports that Alcoa Inc.'s hostile takeover bid, which
expires tomorrow, may be topped by Rio Tinto Group. Alcoa is
scheduled to report second-quarter earnings today.


Read more at Bloomberg Stocks News

Canadian Stocks May Rise on Earnings, Takeovers; Alcan, Barrick May Gain

(Bloomberg) -- Canadian stocks may rise for a third
day, led by shares of such raw-materials producers as Barrick Gold
Corp., on optimism earnings will increase as prices for gold and
copper rise. Takeovers may also propel the market.

Shares of Alcan Inc., Canada's biggest aluminum producer, may
be active on reports that Alcoa Inc.'s hostile takeover bid, which
expires tomorrow, may be topped by Rio Tinto Group. Alcoa is
scheduled to report second-quarter earnings today.


Read more at Bloomberg Stocks News

Friday, June 15, 2007

Canadian Stocks May Rise on Takeover Speculation; Western Oil May Advance

(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

Friday, June 8, 2007

Canadian Stocks Advance on Takeover Speculation, Paring the Weekly Retreat

(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

Thursday, June 7, 2007

Canadian Stocks Fall on Interest Rate Concerns, Led by Bank of Nova Scotia

(Bloomberg) -- Canadian stocks fell for a third day,
led by Bank of Nova Scotia, after New Zealand increased interest
rates, stoking concern that rising borrowing costs around the world
may crimp corporate profits.

Interest-rate sensitive financial and utility companies such
as Brookfield Asset Management Inc. and Fortis Inc. led declines.
Industrial shares, among the most closely related to economic
expansion, also fell.


Read more at Bloomberg Stocks News

Tuesday, June 5, 2007

Canadian Stocks May Fall, Led by Energy Producers, on Declining Oil Prices

(Bloomberg) -- Canadian stocks may decline from a
record, led by energy producers including EnCana Corp., as crude
oil and natural-gas prices fell.

The Standard & Poor's/TSX Composite Index yesterday rose
27.37, or 0.2 percent, to 14,146.74 in Toronto. Canada's stock
benchmark is up 9.6 percent this year.


Read more at Bloomberg Stocks News

Tuesday, May 22, 2007

Canadian Stocks May Decline, Led by Suncor; Banks May Fall Before Earnings

(Bloomberg) -- Canadian stocks may fall, paced by
energy companies including Suncor Energy Inc., after oil prices
slid. Bank of Montreal may lead declines in financial companies
before banks start reporting earnings this week.

The Standard & Poor's/TSX Composite Index rose 90.39, or 0.7
percent, to a record 14,025.03, on May 18 in Toronto. The Toronto
Stock Exchange was closed yesterday for the Victoria Day holiday.
Last week, the index rallied for a third week, as higher oil prices
and takeover speculation sent energy and phone companies higher.


Read more at Bloomberg Stocks News

Friday, May 18, 2007

Canadian Stocks Decline From Record as Alcan, Financials Lead Retreat

(Bloomberg) -- Canadian stocks fell from a record,
paced by declines for raw-material producers including Alcan Inc.
and banks such as Bank of Montreal.

The Standard & Poor's/TSX Composite Index slipped 19.85, or
0.1 percent, to 14,080.86 as of 10:28 a.m. The benchmark index
notched its seventh record this month yesterday and has still
gained 0.4 percent this week so far.


Read more at Bloomberg Stocks News