Canadian stocks fall, June CPI declines
7/20/12 10:52 AM ET (MarketWatch)Print
SAN FRANCISCO (MarketWatch) -- Canadian stocks stumbled Friday, with the S&P/TSX benchmark index falling 55 points, or 0.5%, to 11,608. A 2.3% slide by metals and mining stocks , followed by a 1.2% fall in the information technology sector led percentage decliners. In economic news, the consumer price index for June fell 0.2%, following a 0.3% fall the previous month, according to Statistics Canada. Further, overall inflation in June fell below its 1.7% forecast, climbing 1.6% in the second quarter. Meanwhile, a core inflation of 2% matched the Bank of Canada's estimate. In currency trading, the greenback gained against its Canadian counterpart , with one U.S. dollar purchasing C$1.0113 vs. C$1.0076.
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