(Bloomberg) -- Canadian stocks may rise for a second
day after a report said Canadian Pacific Railway Ltd. may receive a
takeover bid and inflation unexpectedly fell.
Canadian Pacific, the nation's second-largest railroad, may be
bought by a group led by Brookfield Asset Management Inc., the
Globe and Mail said, citing unidentified people familiar with the
matter. The first decline in inflation in eight months could boost
shares of financial companies as pressure subsides for the Bank of
Canada to raise interest rates.
Read more at Bloomberg Stocks News
day after a report said Canadian Pacific Railway Ltd. may receive a
takeover bid and inflation unexpectedly fell.
Canadian Pacific, the nation's second-largest railroad, may be
bought by a group led by Brookfield Asset Management Inc., the
Globe and Mail said, citing unidentified people familiar with the
matter. The first decline in inflation in eight months could boost
shares of financial companies as pressure subsides for the Bank of
Canada to raise interest rates.
Read more at Bloomberg Stocks News
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