(Bloomberg) -- Canadian stocks were headed for a
third week of gains as rising oil prices and takeover speculation
fueled a rally in phone and energy companies including BCE Inc.
and Canadian Natural Resources Ltd.
The Standard & Poor's/TSX Composite Index was little changed
today, slipping from a record, as interest-rate sensitive
financial shares declined on speculation a near 30-year high in
the Canadian dollar may lead the central bank to raise borrowing
costs in an attempt to slow inflation.
Read more at Bloomberg Stocks News
third week of gains as rising oil prices and takeover speculation
fueled a rally in phone and energy companies including BCE Inc.
and Canadian Natural Resources Ltd.
The Standard & Poor's/TSX Composite Index was little changed
today, slipping from a record, as interest-rate sensitive
financial shares declined on speculation a near 30-year high in
the Canadian dollar may lead the central bank to raise borrowing
costs in an attempt to slow inflation.
Read more at Bloomberg Stocks News
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