Economics
Canadian Stocks Tumble as Commodity Shares Fall Most Since 2008
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Canadian stocks fell the most in nine months after an unexpected slowdown in China’s economic growth spurred the biggest drop in four years for commodity shares.
Barrick Gold Corp., the largest producer of gold, tumbled 12 percent, the most since February 2009, as the metal sank below $1,400 an ounce. Canadian Natural Resources Ltd. lost 4.6 percent as crude slipped to its lowest this year. Suncor Energy Inc. fell 4.6 percent after agreeing to sell natural gas fields for C$1 billion. Raw-material producers in the Standard & Poor’s/TSX Composite Index dropped 7.6 percent, the most since December 2008.