(Corrects fourth paragraph to show retail sales fell most since 2012.)
Canadian stocks fell for the first time in eight days, snapping the longest winning streak in three years, as companies from Teck Resources (TCK/B) Ltd. to Bombardier Inc. reported earnings short of analysts’ projections.
Teck Resources sank 5.5 percent as earnings were hampered by declining coal and copper prices. Kinross Gold Corp. declined more than 2 percent after reporting an unexpected fourth-quarter loss. Bombardier slumped 13 percent after cutting its 2014 profit targets. Nautilus Minerals Inc. (NUS) dropped 6 percent as the undersea metals explorer terminated its pact with Papua New Guinea.
The Standard & Poor’s/TSX Composite Index (SPTSX) fell 15.67 points, or 0.1 percent, to 13,884.82 at 9:52 a.m. in Toronto. The benchmark equity gauge had jumped 3.1 percent in the seven days before today for the longest rally since September 2010.
U.S. retail sales declined the most since June 2012 in January, sliding 0.4 percent as poor weather kept customers away from auto showrooms and stores. Jobless claims unexpectedly increased to 339,000 last week, from 331,000 in the prior period.
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