(Bloomberg) -- Canadian stocks may rise for a third day, led by shares of commodity producers, as prices for copper, gold and crude oil extended rallies, and Algoma Steel Inc. became the latest Canadian company to agree to be bought.
``Rising commodity prices point to a strong global economy,'' said John Johnston, who helps manage about $2.6 billion as chief strategist at The Harbour Group, a unit of RBC Dominion Securities Inc. in Toronto. ``There's huge global consolidation going on. Given the relatively stable political environment in Canada there's a premium on Canadian assets. There's room for the bull market in commodities to continue.''
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