Friday, June 1, 2007

Canadian Stocks Rise on U.S. Economic Growth; Petro-Canada, Goldcorp Gain

(Bloomberg) -- Canadian stocks advanced on signs of a
strengthening U.S. economy after a government report showed U.S.
employers boosted hiring last month. Climbing oil and metal prices
also lifted shares of commodity producers.

``If the worst is behind the U.S. economic growth, then it's a
nice recipe for elevated commodity prices in the coming quarters,''
said Clement Gignac, a chief economist and strategist for National
Bank Financial in Montreal.


Read more at Bloomberg Stocks News

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