(Bloomberg) -- Canada's main stock index had its
steepest weekly decline in three months on concern that
accelerating growth may feed inflation, causing interest rates to
rise and corporate profit growth to slow.
Financial shares such as Royal Bank of Canada had their worst
weekly drop in more than five years, even after they rebounded
today from four days of losses on speculation the selloff may have
been overdone.
Read more at Bloomberg Stocks News
steepest weekly decline in three months on concern that
accelerating growth may feed inflation, causing interest rates to
rise and corporate profit growth to slow.
Financial shares such as Royal Bank of Canada had their worst
weekly drop in more than five years, even after they rebounded
today from four days of losses on speculation the selloff may have
been overdone.
Read more at Bloomberg Stocks News
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