Tuesday, July 24, 2007

Canadian Stocks Tumble Most in Three Years on Railroad Profits, Crude Oil

(Bloomberg) -- Canada's main stock index fell the most
in more than three years, after Canadian Pacific Railway Ltd.
followed larger rival Canadian National Railway Co. in reporting a
drop in profit, and said the rising Canadian dollar poses a
challenge to earnings.

Crude oil and natural-gas prices slid, dragging down energy
companies including EnCana Corp., and stoking speculation that such
gas-producing energy royalty trusts as Advantage Energy Income Fund
may cut their dividends.


Read more at Bloomberg Stocks News

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