Tuesday, May 8, 2007

Canadian Stocks Fall, Led by Thomson, on Reuters Bid; Mining Stocks Slide

(Bloomberg) -- Canadian stocks fell from a record, led by Thomson Corp., after the legal and data publishing company said it may pay $17.5 billion buy Reuters Group Plc, in what would be the biggest Canadian purchase abroad ever.

Raw-materials producers declined for the first time in five days along with prices of bullion and copper. The group paced gains in the Standard & Poor's/TSX Composite Index yesterday after shares of Alcan Inc. jumped on a $29.6 billion hostile takeover bid from U.S. competitor Alcoa Inc.


Read more at Bloomberg Stocks News

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