Thursday, April 19, 2007

Canadian Stocks May Decline From Record on Rate Concerns; Encana May Slip

(Bloomberg) -- Canadian stocks may fall from a record, led by commodity producers including EnCana Corp., on speculation central banks in China and Canada may raise borrowing costs to stem inflation.

China, the world's second-biggest consumer of oil and the largest buyer of copper, said its economy expanded at a faster- than-expected pace of 11.1 percent in the first quarter. Inflation in Canada, where such commodities as energy and metals dominate exports and the stock market, accelerated more than forecast in March.


Read more at Bloomberg Stocks News

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