Tuesday, June 26, 2007

Canadian Stocks Fall, Led by BCE, as Telus Pulls Bid; Gold and Oil Decline

(Bloomberg) -- Canadian stocks fell after Telus Corp.
declined to bid for BCE Inc., sending shares of the country's
biggest phone company on their steepest plunge since November.

Such commodity producers as Barrick Gold Corp. and Suncor
Energy Inc. slid along with prices for gold and crude oil.
Financial companies advanced, led by Royal Bank of Canada, as
investors switched from the more volatile commodity stocks to the
perceived safety of banks and insurance shares.


Read more at Bloomberg Stocks News

No comments: