Tuesday, May 22, 2007

Canadian Railroad Shares, Encana Corp. Decline; TransAlta Stock Advances

(Bloomberg) -- Canadian railroad stocks fell after U.S.
Sen. Hillary Clinton said stricter rail safety regulations may be
necessary.

``This could reduce their growth in earnings,'' said Gavin
Graham, who helps oversee about $5.3 billion as chief investment
officer at Toronto-based Guardian Group of Funds. ``It could make
rail companies a little less desirable.''


Read more at Bloomberg Stocks News

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