Canadian Stocks Advance After Shale-Gas, Potash Acquisitions

Bloomberg.com reports that Canadian stocks were up today, driven in part by natural-resource stocks on news of acquisitions.

The story is quoted as saying:

The Talisman deal “is positive for Canadian stocks,” said Mathieu Roy, who helps manage C$1.5 billion ($1.47 billion) as a money manager at Louisbourg Investments Inc. in Moncton, New Brunswick. “It suggests the money’s there to develop. A lot of Canadian companies with North American resources can grow them more quickly because they won’t have any trouble finding partners.”

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