Canada’s Building Push Puts Finning on a Record Run
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Canadian dealer of Caterpillar Inc.’s massive earth movers and bulldozers is benefiting from a construction boom that’s powered its stock into an epic rally. Shares of Vancouver-based Finning International Inc. have surged nearly 90% this year and are on pace for their best annual run since at least 1987, according to data compiled by Bloomberg. Analysts predict more gains ahead as a surge in the price of commodities — including gold, copper and silver — has boosted demand for mining equipment, just as a nationwide push for building infrastructure is gathering pace.