Monday, July 16, 2007

Canada Stocks Fall, Led by Cameco, on Uranium Price Concerns; Encana Slips

(Bloomberg) -- Canadian stocks fell, led by Cameco
Corp., on concern that shares of uranium producers are overpriced.
Natural gas future in New York had the steepest drop in almost a
month, pushing energy shares lower.

Cameco, the world's largest uranium producer, dropped after
investors sold short a record number of the company's shares in
June. EnCana Corp., Canada's largest natural-gas producer, fell for
first time in four days.


Read more at Bloomberg Stocks News

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