Friday, 18 May 2007

Canadian Stocks May Advance on Higher Oil Prices, Takeover Speculation

(Bloomberg) -- Canadian stocks may rise for a fourth
day, led by energy and phone companies including EnCana Corp. and
BCE Inc., on higher crude oil prices and speculation of more
takeovers.

``Canada's on fire,'' said Keith Summers, who helps oversee
$762 million as chief investment officer at Stonegate Private
Counsel in Toronto. ``The momentum is all positive, driven by
commodities.''


Read more at Bloomberg Stocks News

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