(Bloomberg) -- Canadian stocks rose on speculation
there will be more takeovers of commodity producers, after Areva SA
offered to buy uranium explorer UraMin Inc. and Total SA was
reported to be preparing a bid for Western Oil Sands Inc.
Global demand for energy and metals has helped commodities
rise to record prices, while historically low borrowing costs have
fueled a takeover boom. That helped the Canada's main stock index,
of which almost half is commodity-related, rise to a record June 4.
Gains today were limited as copper prices fell.
Read more at Bloomberg Stocks News
there will be more takeovers of commodity producers, after Areva SA
offered to buy uranium explorer UraMin Inc. and Total SA was
reported to be preparing a bid for Western Oil Sands Inc.
Global demand for energy and metals has helped commodities
rise to record prices, while historically low borrowing costs have
fueled a takeover boom. That helped the Canada's main stock index,
of which almost half is commodity-related, rise to a record June 4.
Gains today were limited as copper prices fell.
Read more at Bloomberg Stocks News
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