Thursday, July 26, 2007

Canadian Stocks Fall on M&A Concern; Brookfield, Toronto Dominion Decline

(Bloomberg) -- Canadian stocks fell, joining in a
global equity rout on concern that takeovers, which helped lift the
country's main stock index to a record last week, are becoming more
difficult to finance.

Brookfield Asset Management Inc. and Canadian Pacific Railway
Ltd. paced declines. The railroad rose to a record last week after
it said it had been approached about a takeover this year by the
infrastructure investment company.


Read more at Bloomberg Stocks News

No comments: