Canada Stocks Fall, Led by Commodity Producers; Banks Gain

By John Kipphoff

Oct. 27 (Bloomberg) -- Canadian stocks fell for a second day, led by EnCana Corp. and Barrick Gold Corp., as crude oil and bullion prices extended declines.

Loses in the market were limited as Bank of Montreal and Potash Corp. of Saskatchewan Inc. advanced.

The Standard & Poor's/TSX Composite Index declined 1.7 percent to 9,133.65 at 9:49 a.m. in Toronto.

EnCana, the nation's biggest energy company, fell 5 percent to C$52.89. Canadian Natural Resources Ltd., another oil and gas producer, declined 3.3 percent to C$50.30.

Barrick Gold, the biggest bullion mining company in the world, dropped 2.5 percent to C$25.11.

Potash advanced 3.4 percent to C$90.30. The world's largest producer crop nutrients by market value boosted its stake in Israel Chemicals Ltd. to 11.2 percent.

Bank of Montreal, Canada's fourth-largest lender by assets, added 1.1 percent to C$43.51.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.