Tuesday, May 22, 2007

Canadian Stocks May Decline, Led by Suncor; Banks May Fall Before Earnings

(Bloomberg) -- Canadian stocks may fall, paced by
energy companies including Suncor Energy Inc., after oil prices
slid. Bank of Montreal may lead declines in financial companies
before banks start reporting earnings this week.

The Standard & Poor's/TSX Composite Index rose 90.39, or 0.7
percent, to a record 14,025.03, on May 18 in Toronto. The Toronto
Stock Exchange was closed yesterday for the Victoria Day holiday.
Last week, the index rallied for a third week, as higher oil prices
and takeover speculation sent energy and phone companies higher.


Read more at Bloomberg Stocks News

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