Tuesday, July 10, 2007

Canada Stocks Slip From Record, as Research in Motion Falls; Suncor Gains

(Bloomberg) -- Canadian stocks fell from a record, as
declining U.S. profits signaled that demand for Canadian exports
may slow and an increase in borrowing costs at home raised concern
that corporate expenses will climb.

Home Depot, the world's largest home improvement retailer,
said earnings will drop between 15 percent and 18 percent in the
fiscal year through Feb. 3. Canada's central bank lifted its
benchmark rate by one quarter point to 4.5 percent and signaled
further action may be needed.


Read more at Bloomberg Stocks News

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