Canadian Stocks Fall as Energy Companies Follow Oil Still Lower
- Canadian Oil Sands shares surge after agreeing to Suncor deal
- China stocks gained earlier today, while Europe is down
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Canadian stocks fell, as declining oil prices dragged down the country’s energy companies.
The Standard & Poor’s/TSX Composite Index dropped 1.1 percent to 11,942.17 as U.S. benchmark oil fell to $28.94 in electronic trading as Iran began efforts to boost production after international sanctions were lifted, heralding more supply for a global economy already awash in oil.