Canada Stocks Decline as Emerging Markets Continue to Slide
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Canadian stocks fell, sending the benchmark equities gauge to a second weekly loss, as financial shares and materials producers sank after emerging-market currencies weakened.
Cameco Corp., Canada’s largest uranium miner, dropped 3.7 percent after selling its stake in Bruce Power. Atlantic Power Corp. plunged 17 percent after TD Securities Inc. cut its rating on the stock. Toronto-Dominion Bank slumped 0.9 percent to a six-week low, as an index of bank stocks dropped to the lowest since October. BlackPearl Resources Inc. climbed 1.2 percent after Canaccord Genuity Corp. recommended buying the shares.