Wednesday, 09 May 2007

Canadian Stocks' Rally Stalls Before U.S. Rate Decision; Oil Shares Fall

(Bloomberg) -- Canadian stocks fell for the first time in six days as oil and gas shares such as Talisman Energy Inc. declined along with crude-oil prices.

Financial shares including Royal Bank of Canada fell ahead of a decision by U.S. Federal Reserve in interest rates. Investors are looking for clues about when to expect a cut in borrowing costs after economists cut their growth forecast for the U.S., Canada's most important trading partner.


Read more at Bloomberg Stocks News

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