Monday, May 28, 2007

Canadian Stocks Gain on Increased Mergers Activity, Led By Alcan, Teck

(Bloomberg) -- Canadian stocks rose, led by Alcan
Inc., as surging metal prices and an increase in mergers sent
shares of commodity producers higher.

Alcan climbed on a Globe and Mail report that Norsk Hydro
ASA is preparing a bid worth more than $30 billion for the
Canadian aluminum miner. Teck Cominco Ltd., the world's second-
largest zinc miner and owner of Canada's biggest copper mine,
jumped as copper prices in Shanghai rose by the limit for the
third time this month.


Read more at Bloomberg Stocks News

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