Canadian Telephone, Materials Stocks Gain on Heightened M&A Speculation

(Bloomberg) -- Canadian telephone and materials
stocks including Telus Corp. advanced for a second day after
takeover speculation was fanned this week by the acquisitions of
BCE Inc. and Aur Resources Inc.

Energy producers such as EnCana Corp. fell on declining
natural-gas prices, while financial companies including Bank of
Nova Scotia retreated on concern that the Bank of Canada may
raise borrowing costs next week.


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