Canada Stocks Fall to 6-Month Low as Oil Slumps on China Concern
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Canadian stocks fell to the lowest since January, as oil prices slid amid a rout in Chinese equities raising concern that growth will slow in the world’s second-largest economy.
Royal Bank of Canada and Toronto-Dominion Bank fell at least 1.1 percent to lead lenders lower. WestJet Airlines Ltd. slumped 6.2 percent, the most in two years, after second-quarter load factor, a measure of capacity efficiency, declined. Encana Corp. lost 5.5 percent as crude traded near a three-month low.