Canadian Stocks Drop, Led by Barrick. Teck, on Signs of Slower U.S. Growth

(Bloomberg) -- Canadian stocks dropped a fourth
straight day, led by metals producers Teck Cominco Ltd. and Barrick
Gold Corp., as falling U.S. home sales heightened concern that
demand for raw materials may cool.

Home resales fell for a fourth straight month in June as the
U.S. housing market remained in the worst slump in 16 years,
according to the National Association of Realtors. Yesterday,
Countrywide Financial Corp., the biggest U.S. mortgage lender, cut
its profit forecast as a growing number of homeowners fell behind
on home-loan payments.


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Canadian Stocks May Decline on Metals, Crude Oil Prices; Talisman May Drop

(Bloomberg) -- Canadian stocks may decline for a
fourth time in five days, led by such raw-materials and energy
producers as Teck Cominco Ltd. and Talisman Energy Inc., as prices
for copper, gold and crude oil decline.

Copper dropped a third day in London on concern that Asian
demand may be slowing. Gold also fell in London on speculation a
drop in European equity markets may cut demand for bullion. Crude
oil fell from a nine-month high in New York after a strike in
Nigeria ended.


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