Friday, July 27, 2007

Canadian Stocks Extend Decline on Takeover Concern; BCE Shares Retreat

(Bloomberg) -- Canadian stocks fell, extending a
benchmark index's worst week since the September 20001 terror
attacks, as investors concerned about a worsening housing market
in the U.S. sold riskier assets.

Commodity shares such as Canadian Natural Resources Ltd.
retreated on speculation that demand may drop in the U.S. BCE
Inc., target of the largest buyout, retreated after Citi
Investment Research cut its recommendation on the stock, citing
growing risks to its financing.


Read more at Bloomberg Stocks News

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