Friday, May 11, 2007

Canadian Stocks May Fall on Jobs Report, Led by Royal Bank, Alcan Shares

(Bloomberg) -- Canadian stocks may fall for a third day, led by financial companies such as Royal Bank of Canada, after a report showing Canada's economy lost jobs in April raised concern corporate profit growth may slow.

Falling prices for copper and speculation that prices for some other metals may drop may weigh on raw-materials producers such as Alcan Inc. Near-record prices for metals such as nickel have triggered a wave of consolidation among global mining companies. Commodity-related stocks have helped lift Canada's main stock index by 7.3 percent this year to a record on May 8.


Read more at Bloomberg Stocks News

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