Thursday, June 28, 2007

Canadian Stocks May Gain on Takeover Offer for Meridian Gold, Rising Oil

(Bloomberg) -- Canadian stocks may rise for a second
day, led by commodity producers, after Meridian Gold Inc. received
a takeover proposal from rival bullion miners and prices of gold
and copper advanced.

Rising crude oil and natural-gas prices may lift such energy
producers as EnCana Corp., which had dragged the Standard &
Poor's/TSX Composite Index to three consecutive losses before
yesterday. The S&P/TSX yesterday gained 78.04, or 0.6 percent, to
13,741.92 in Toronto.


Read more at Bloomberg Stocks News

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