Canadian stocks fell sharply for the second consecutive day on another violent pullback in commodities as Goldman Sachs Group Inc. told investors to take profits while warning of a correction in oil prices.
Markets also suffered after Japan’s acknowledged its nuclear situation had worsened and Alcoa Inc. showed disappointing results as the U.S. earnings season kicked off.
“For the last several weeks, world stock markets have taken every disappointment and uncertainty the world could throw at them and continued to drive higher,” said Colin Cieszynski, market analyst at CMC Markets Canada.
April 12, 2011
Markets suffer setback | Investing | Financial Post
Oil prices are going to knock the economy, economists are now predicting.
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