Canadian Stocks Fall on Concern Rescue Won’t Stop Greek Default
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Canadian stocks fell the most this year as the U.S. dollar gained and fuels and metals dropped on concern a second bailout of Greece won’t stop the country from defaulting or the global economy from slowing.
Suncor Energy Inc., Canada’s largest oil and gas producer, declined 4.3 percent as crude futures retreated. First Quantum Resources Ltd., the country’s second-largest publicly traded copper producer, plunged 6.2 percent as the metal lost the most in 12 weeks. Toronto-Dominion Bank, the country’s second-biggest lender by assets, decreased 1.6 percent as financial companies dropped.