Wednesday, 09 May 2007

Canadian Rally Stalls as Energy Stocks Decline; Research In Motion Gains

(Bloomberg) -- Canada's stock rally stalled after five days as energy stocks such as Talisman Energy Inc. declined along with crude prices.

Finance shares including Royal Bank of Canada fell as the Federal Reserve held borrowing costs steady and said inflation is the main risk in the U.S., Canada's biggest trading partner. The Standard & Poor's/TSX Composite Index was little changed as Research In Motion Ltd. rose on analyst comments, and raw-materials shares advanced, led by Teck Cominco Ltd.


Read more at Bloomberg Stocks News

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