Friday, August 3, 2007

Canadian Stocks Decline on Telus Results, U.S. Jobs Report; BCE Retreats

(Bloomberg) -- Canadian stocks fell today and were
headed for a second week of declines after a report showed fewer
U.S. jobs were added last month, reinforcing concern that
consumer spending in Canada's biggest trading partner is slowing.

Royal Bank of Canada paced losses among financial companies.
Telus Corp. led telephone companies lower, after it reported
earnings and revenue below analysts' estimates and said it
doesn't plan to bid for larger rival BCE Inc.


Read more at Bloomberg Stocks News

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