Canadian Stocks Fall on Lower Gold Prices; Goldcorp Declines

- February 2nd, 2011

Bloomberg reports that Canadian stocks fell for the first time in four days as as gold producers declined after U.S. companies added more jobs than forecast.

Bloomberg reports that Canadian stocks fell for the first time in four days as as gold producers declined after U.S. companies added more jobs than forecast.

The market news is quoted as saying:

Goldcorp Inc., Canada’s second biggest producer, retreated 1.6 percent as bullion futures declined on expectations that an improving global economy will erode the appeal of the precious metal as an alternative investment.

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