(Bloomberg) -- Canadian stocks may rise after jobs
reports in Canada and the U.S. signaled the economies are still
expanding. EnCana Corp. and other energy producers may pace gains
on higher crude oil prices, while Alcan Inc. may advance on
takeover speculation.
The market's advance may be limited by speculation that the
better-than-expected labor market gives additional reason to the
Bank of Canada to raise borrowing costs next week. The Canadian
dollar, which approached 30-year high on the data, may hurt
manufacturers and exporters.
Read more at Bloomberg Stocks News
reports in Canada and the U.S. signaled the economies are still
expanding. EnCana Corp. and other energy producers may pace gains
on higher crude oil prices, while Alcan Inc. may advance on
takeover speculation.
The market's advance may be limited by speculation that the
better-than-expected labor market gives additional reason to the
Bank of Canada to raise borrowing costs next week. The Canadian
dollar, which approached 30-year high on the data, may hurt
manufacturers and exporters.
Read more at Bloomberg Stocks News
No comments:
Post a Comment