(Bloomberg) -- Canadian stocks may fall for the first
time in four days, after Home Depot Inc. said profit will fall and
the Bank of Canada raised borrowing costs, signs that a slowing
housing market, higher interest rates and a soaring Canadian dollar
may hurt earnings.
Exporters of raw-materials including First Quantum Minerals
Ltd. may decline after U.S. based Home Depot, the world's largest
home improvement retailer, said earnings will drop between 15
percent and 18 percent in the fiscal year through Feb. 3, more than
a previous forecast of a 9 percent decline.
Read more at Bloomberg Stocks News
time in four days, after Home Depot Inc. said profit will fall and
the Bank of Canada raised borrowing costs, signs that a slowing
housing market, higher interest rates and a soaring Canadian dollar
may hurt earnings.
Exporters of raw-materials including First Quantum Minerals
Ltd. may decline after U.S. based Home Depot, the world's largest
home improvement retailer, said earnings will drop between 15
percent and 18 percent in the fiscal year through Feb. 3, more than
a previous forecast of a 9 percent decline.
Read more at Bloomberg Stocks News
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