Canadian Stocks Rise, Rebounding From Rout; Barrick Gold Shares Advance

(Bloomberg) -- Canadian stocks rose after investors
speculated that the biggest weekly sell-off in almost six years
was overdone given that demand for commodities may keep boosting
prices and earnings and trigger more takeovers.

Barrick Gold Corp. and Petro-Canada paced gains in raw-
material and energy shares, which had among the biggest declines
last week, on higher prices for bullion and natural gas.


Read more at Bloomberg Stocks News

Barrick on track to hit targets

Barrick Gold Corp, the world's biggest gold miner, said on Tuesday it was on track to meet its copper and gold production forecasts for 2006 as well as targeted cost savings from its takeover of Placer Dome.

In a presentation to the Indaba African mining conference in Cape Town, Warwick Morley-Jepson, Barrick's general manager for Africa, said the Canadian miner would hit the targets when it reported its annual results for 2006 later this month.

Read more at FIN24.co.za