Friday, July 6, 2007

Canada Finance Stocks Fall on Rate Concerns; Alcan Advances on Bid Report

(Bloomberg) -- Canadian financial shares fell, led by
Royal Bank of Canada, after a better-that-expected jobs report
fanned speculation that the central bank will raise borrowing costs
next week to cool the economy.

Raw-materials stocks rose on a report that Rio Tinto Group
hired bankers to help consider takeover candidates including Alcan
Inc., the aluminum maker that's already had an offer from Alcoa
Inc.


Read more at Bloomberg Stocks News

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