(Bloomberg) -- Canadian stocks advanced to a record on
expectations of takeovers in the mining and utilities industries
after Eastern Platinum Ltd. said it may buy other companies and
TransAlta Power said it would consider selling itself.
``Clearly there is consolidation that's going on,'' said David
Rea, chairman of Davis-Rea Ltd. Investment, which manages $475
million in Toronto. ``This market has been driven by cheap money
and undervalued assets.''
Read more at Bloomberg Stocks News
expectations of takeovers in the mining and utilities industries
after Eastern Platinum Ltd. said it may buy other companies and
TransAlta Power said it would consider selling itself.
``Clearly there is consolidation that's going on,'' said David
Rea, chairman of Davis-Rea Ltd. Investment, which manages $475
million in Toronto. ``This market has been driven by cheap money
and undervalued assets.''
Read more at Bloomberg Stocks News
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