(Bloomberg) -- Canadian stocks may fall a second day, after Rio Tinto Group, the world's third-largest mining group, said it hadn't received a takeover approach from BHP Billiton Ltd.
Falling prices for metals including copper and gold may also weigh on shares of Canadian metals producers including Barrick Gold Corp. The raw-materials group has helped lift the Standard & Poor's/TSX Composite Index to records on four of the last five days, as takeover bids such as Alcoa Inc.'s $29.6 billion hostile offer for competing aluminum maker Alcan Inc. spurred speculation.
Read more at Bloomberg Stocks News
No comments:
Post a Comment