Thursday, June 28, 2007

Canada Stocks Slide on Fed's Inflation Concern; EnCana Falls on Gas Price

(Bloomberg) -- Canadian stocks fell for fourth time in
five days after the U.S. Federal Reserve left borrowing costs
unchanged and said that inflation remains the greatest risk facing
the U.S. economy, Canada's biggest export market.

EnCana Corp. declined along with natural-gas prices, and such
raw-materials producers as Teck Cominco Ltd. dropped, overshadowing
a gain in shares of Meridian Gold Inc., which received a 3.1
billion takeover bid from rival miners.


Read more at Bloomberg Stocks News

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