(Bloomberg) -- Canadian stocks fell for a third day,
led by Bank of Nova Scotia, after New Zealand increased interest
rates, stoking concern that rising borrowing costs around the world
may crimp corporate profits.
Interest-rate sensitive financial and utility companies such
as Brookfield Asset Management Inc. and Fortis Inc. led declines.
Industrial shares, among the most closely related to economic
expansion, also fell.
Read more at Bloomberg Stocks News
led by Bank of Nova Scotia, after New Zealand increased interest
rates, stoking concern that rising borrowing costs around the world
may crimp corporate profits.
Interest-rate sensitive financial and utility companies such
as Brookfield Asset Management Inc. and Fortis Inc. led declines.
Industrial shares, among the most closely related to economic
expansion, also fell.
Read more at Bloomberg Stocks News
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