Wednesday, 09 May 2007

Canadian Stocks' Rally Stalls on U.S. Economy; Alcan Falls, Agricore Gains

(Bloomberg) -- Canadian stocks' five-day rally stalled on signs that the economy in the U.S., the nation's most important trading partner, is slowing, threatening to curb demand for Canada's resource exports.

Shares of raw-material producer Alcan Inc. declined on speculation that BHP Billiton Ltd., seen as a potential counter- bidder to Alcoa Inc.'s $29.6 billion hostile offer for the Canadian aluminum maker, may instead target Rio Tinto Group.


Read more at Bloomberg Stocks News

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