Friday, April 27, 2007

Canadian Stocks Fall on U.S. Growth Concerns; Bank of Montreal Declines

(Bloomberg) -- Canadian stocks fell, heading for their first weekly decline in four, on concern slower growth in the U.S. economy will hurt financial companies and exporters.

Financial shares fell the most among 10 industry groups after Bank of Montreal, Canada's fourth-biggest bank, said it will post a loss on commodities trades, reducing profit in the second quarter. Royal Bank of Canada, the country's biggest lender, also declined.


Read more at Bloomberg Stocks News

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