Canada Stocks Fall Most in 3 Weeks as Oil, Metals Drop on China
- Commodities plunge after ADB cuts China growth forecast
- Largest lenders headed for worst stretch of losses since 2009
This article is for subscribers only.
Canada stocks tumbled the most in three weeks, joining a rout in global markets as commodities prices slumped amid escalating concern China’s growth is slowing.
Raw-materials producers plunged 4.4 percent to the lowest level since November 2008 as copper led losses in industrial metals and zinc fell to a five-year low. Health-care shares slid a second day, while industrial stocks tumbled.