(Bloomberg) -- Canadian stocks fell, led by Manulife
Financial Corp. and banking shares, as the prospect of rising
interest rates reduced the allure of equity dividends.
The Canadian two-year bond yield rose after building permits
in May climbed to a record, prompting traders to raise bets the
Bank of Canada will increase interest rates. The European Central
Bank said inflation remains a risk and the Bank of England
increased its benchmark lending cost.
Read more at Bloomberg Stocks News
Financial Corp. and banking shares, as the prospect of rising
interest rates reduced the allure of equity dividends.
The Canadian two-year bond yield rose after building permits
in May climbed to a record, prompting traders to raise bets the
Bank of Canada will increase interest rates. The European Central
Bank said inflation remains a risk and the Bank of England
increased its benchmark lending cost.
Read more at Bloomberg Stocks News
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