Canada Stocks Snap 4-Day Streak of Gains as Goldcorp, Oil Fall
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Canadian stocks fell the most in a month, ending a four-day streak of gains, as declining oil prices dragged down energy producers and Goldcorp Inc. dropped after making a bid for Osisko Mining Corp.
Goldcorp, the world’s second-largest producer of the metal, dropped 1 percent after offering to buy Osisko for about C$2.6 billion ($2.38 billion) in cash and shares. Osisko surged 21 percent. Savanna Energy Services Corp. lost 5.8 percent to lead declines among energy stocks. Fortuna Silver Mines Inc. added 11 percent after its silver production guidance was 30 percent higher than the previous year.