(Bloomberg) -- Canadian energy stocks rose after a
C$5.8 billion ($5.46 billion) deal to buy Western Oil Sands Inc.
underscored the appeal of oil reserves in the nation.
Suncor Energy Inc., Petro-Canada and other energy companies
also gained after crude oil closed at a record high. Nortel
Networks Corp. led the decline by technology shares after
Alcatel-Lucent posted a bigger loss than analysts estimated.
Read more at Bloomberg Stocks News
C$5.8 billion ($5.46 billion) deal to buy Western Oil Sands Inc.
underscored the appeal of oil reserves in the nation.
Suncor Energy Inc., Petro-Canada and other energy companies
also gained after crude oil closed at a record high. Nortel
Networks Corp. led the decline by technology shares after
Alcatel-Lucent posted a bigger loss than analysts estimated.
Read more at Bloomberg Stocks News
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