Friday, July 13, 2007

Canada Stocks Gain on Alcan Takeover Offer, as Oil Shares, Suncor Rise

(Bloomberg) -- Canadian stocks rose for fourth time
five days, extending the main equity benchmark's record reached
yesterday on optimism that demand for resources will remain strong
and that there will be more takeovers after Rio Tinto Group agreed
to pay $38.1 billion for Alcan Inc.

Energy companies paced gains in the market as crude oil price
increased. Suncor Energy Inc. had the best advance among oil and
gas shares.


Read more at Bloomberg Stocks News

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