Friday, August 3, 2007

Canadian Retail Stocks May Decline After Jean Coutu Results Miss Estimates

(Bloomberg) -- Canadian retail stocks may fall after
earnings at Jean Coutu Group Inc., Canada's second-biggest
pharmacy chain, fell short of analysts' estimates.

A report showing that U.S. employers created fewer jobs last
month may weigh on the Canadian market, reinforcing concern that
economy of Canada's biggest trading partner is slowing. Energy
producers such as Imperial Oil Ltd. may advance along with crude
oil prices.


Read more at Bloomberg Stocks News

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