Canadian stocks fall on signs of slower Europe, China growth
Wednesday, 7 July 2010
TORONTO, July 5 (Bloomberg): Canadian stocks fell, sending the main stock benchmark to the lowest level in eight months, as oil producers declined after surveys of purchasing managers in Europe and China indicated slowing economic growth.
Canadian Natural Resources Ltd, the country's second-largest energy company by market value, dropped 2.7 per cent as oil futures retreated. Copper producer Taseko Mines Ltd tumbled 20 per cent after a Canadian government panel said its proposed Prosperity mine would harm the environment. Teck Resources Ltd, Canada's largest base-metals and coal producer, slumped 4.2 per cent as companies that sell to Asia slipped.
Canadian Natural Resources Ltd, the country's second-largest energy company by market value, dropped 2.7 per cent as oil futures retreated. Copper producer Taseko Mines Ltd tumbled 20 per cent after a Canadian government panel said its proposed Prosperity mine would harm the environment. Teck Resources Ltd, Canada's largest base-metals and coal producer, slumped 4.2 per cent as companies that sell to Asia slipped.