After several days of bidding, BCE Inc. has finally come to an acquisition agreement by Ontario teacher pension plan group - Teacher?s Private Capital. Valued at $51.7 billion, the bid for BCE is the largest in Canadian history.
http://www.cbc.ca/money/story/2007/06/30/bce-teachers.html
[I]Source: CBC[/I]
Canada was surprised on Friday when its GDP figure emerged unchanged. Lackluster data weighed down a lofty Canadian dollar.
http://www.canada.com/nationalpost/financialpost/story.html?id=b33d5619-cff6-4f76-8be0-132b02fddc41&k=51531[I]Source: Financial Post[/I]
Canadian dollar reached a thirty year high as investors continue speculation of a rate hike by BoC. Inflation figures released earlier this month reflected an above target rate of inflation.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aW2A_NmfQ9hY[I]Source: Bloomberg[/I]
Happy 140th Birthday Canada!
Financial Markets Closed Today Due to National Holiday.