Economics
Canada Stocks Decline in Global Equities Slide; Air Canada Gains
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Canadian stocks declined for a second day, joining a slide among global equities, as transportation companies and banks led losses.
Canadian National Railway Co. and Canadian Pacific Railway Ltd. slumped at least 2.3 percent to pace declines among industrial stocks. Royal Bank of Canada, the nation’s largest lender, dropped 0.6 percent. Valeant Pharmaceuticals International Inc., an investment target of hedge-fund manager Bill Ackman, slid 1.2 percent. Air Canada jumped 3.8 percent after reporting profit that topped estimates.