text: Canadian stocks fall on financials, tech weakness - MarketWatch
  Canadian stocks fall on financials, tech weakness
  Published: Oct. 15, 2007 at 4:42 p.m. ET
  SAN FRANCISCO (MarketWatch) -- Canadian markets lost ground Monday, undermined by losses in financial issues as U.S. financial-services giant Citigroup Inc. cautioned on its profit outlook, while Research In Motion Ltd. ranked among the leading decliners in the technology sector.
  The S&P/TSX Composite Index (SPTSX), the Toronto Stock Exchange's benchmark measure, lost 0.5% to close at 14,231.28. Eight of the 10 sector indexes lost ground.
  Citigroup said third-quarter net income fell 57% to $2.38 billion from $5.51 billion a year ago. Chief Financial Officer Gary Crittenden also warned that troubles in fixed income markets could carry over and affect the company's fourth-quarter earnings. See full story.
  Worries that Canadian banks may fall prey to similar bad news sent the financial sector down 0.9%.
  Shares of Royal Bank of Canada (RY), the country's largest company, skidded 0.8%. Bank of Nova Scotia (BNS) and Toronto-Dominion Bank (TD), the second- and third-biggest banks by revenue, also fell 1.1%.
  The information-technology sector ranked as the biggest percentage loser, down 1.6%. Shares of Nortel Networks Corp. (NT) fell 0.2%, while BlackBerry maker Research In Motion (RIM) sank 3%.
  Nortel Networks Corp. has agreed to pay $35 million and consent to quarterly oversight to settle a fraud-related investigation by U.S. regulators, the company said Monday. See full story.
  Capping the losses in Canada's stocks were energy and gold-mining stocks, as crude-oil futures rose past $86 a barrel in New York and as gold futures edged above $760 an ounce. See Futures Movers. See Metals Stocks.
  The measure gauging gold-mining stocks rose 1.5% in Toronto, and the energy sector rose 0.4%.
  Shares of Barrick Gold Corp. (ABX), the world's largest bullion miner, advanced 1.9%.
  Elsewhere, shares of TransAlta Power LP (TPW.UN) surged 15% to C$8.33. TransAlta has agreed to be taken over by Hong Kong's Cheung Kong Infrastructure Holdings Ltd. in a deal worth more than C$629 million in cash.
  Cheung Kong is offering C$8.38 per unit for TransAlta Power, owner of 49.99% of TransAlta Cogeneration, which has interests in five gas-fired power plants in Ontario, Alberta and Saskatchewan, according to Canadian news reports.