Wednesday, June 27, 2007

Canadian Stocks Slide on Commodity Prices; Petro-Canada and Alcan Retreat

(Bloomberg) -- Canadian stocks fell, sending the
country's main equity index to its first four-day decline in nine
months, after prices for such commodities as crude oil and copper
slid.

Energy and raw-materials producers such as Petro-Canada and
Alcan Inc. retreated on concern that demand for Canadian resources
will slow, after a report showed durable goods orders in the U.S.,
Canada's biggest export market, fell more than forecast. Investors
are also awaiting the U.S. Federal Reserve's interest rate decision
tomorrow.


Read more at Bloomberg Stocks News

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