Canada Stocks Fall Fifth Day as Magna, Materials Producers Drop
- S&P/TSX pares losses as oil producers reverse earlier decline
- Global markets were little changed after worst rout in decades
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Canadian stocks fell a fifth day, the longest streak of losses since November, as declines among retail and raw material companies offset a rebound in energy producers.
The Standard & Poor’s/TSX Composite Index dropped 7.01 points to 12,920.14 at 4 p.m. in Toronto, paring earlier losses of as much as 0.7 percent. The gauge had its worst opening day yesterday since 2005.