Wednesday, July 4, 2007

Canadian Energy Stocks Drop as Natural Gas Falls; Shares of Telus Advance

(Bloomberg) -- Canadian energy stocks fell, led by
EnCana Corp., after the price of natural gas retreated. The
Standard & Poor's/TSX Composite Index was little changed as
telephone stocks led by Telus Corp. gained on speculation more
companies in the industry will be acquired.

The S&P/TSX added 3.3 to 14,068.04 as of 1:19 p.m. in
Toronto. It gained 2.5 percent in the previous two sessions after
Research In Motion Ltd. reported profit that topped analysts'
forecast and BCE Inc. agreed to the largest buyout.


Read more at Bloomberg Stocks News

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