Globe says CIBC's Law keen on Canaco ResourcesThe Globe and Mail reports in its Friday edition that CIBC Global Asset Management manager Jennifer Law likes junior gold miner Canaco Resources, which has a project in Tanzania. The Globe's Shirley Won writes in the Number Cruncher column that Ms. Law says, "It has no production, and yet it has a market capitalization over $1-billion." She says Canaco's gold discovery in the Handeni region has "delivered excellent drilling results," while investors are embracing the fact that Tanzania is a fairly stable African country. Ms. Law looks for growth stocks trading at a reasonable price. Ms. Law runs a diversified portfolio of stocks and income trusts with just over 50 per cent in the resource sector. Her sector weightings are similar to the index, but she is currently overweight in energy stocks by about 6 per cent. "I am still the most bullish on copper stocks, and then gold and energy stocks equally," she says. Canaco stock jumped 77 cents to finish Thursday at $6.05 on the TSX Venture Exchange. The stock has a 52-week range of 36 cents to $6.05. Dennis da Silva of Middlefield Capital recommended buying Canaco stock in the Number Cruncher column on Oct. 21. The stock could then be had for $3.27.