Canadian stocks fell for the first time in seven days after the World Bank cut its global growth forecast.
CML Healthcare Inc. (CLC) slid 2.8 percent for the biggest drop in the Standard & Poor’s/TSX Composite Index after the company said it will sell its diagnostic imaging business. Labrador Iron Ore Royalty Corp. and Capstone Mining Corp. led declines in the Canadian equity benchmark.
The S&P/TSX fell 42.45 points, or 0.3 percent, to 12,599.52 at 10 a.m. in Toronto. Nine of the 10 industries in the index declined.
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