Canadian stocks fell the most this year as the U.S. dollar gained and fuels and metals dropped on concern a second bailout of Greece won’t stop the country from defaulting or the global economy from slowing. Goldcorp Inc., the world’s second-biggest gold producer by market value, lost 1.7 percent as the metal slipped to an almost six-week low. Suncor Energy Inc., Canada’s largest oil and gas producer, declined 2.8 percent as crude futures retreated. Lululemon Athletica Inc., the yoga-wear retailer that touched C$10 billion ($10 billion) in market value for the first time March 1, decreased 4.1 percent after an analyst at Argus Research cut his rating on the company. The S&P/TSX Composite Index fell 178.49 points, or 1.4 percent, to 12,345.46 at 11:21 a.m. Toronto time after company reports showed the investors that have committed to Greece’s debt swap represent about 20 percent of privately held Greek bonds. The country has set a 75 percent participation rate as a threshold for proceeding with the transaction, which runs through March 8. “You’ve seen the price of gold decline $100,� Robert McWhirter, a money manager at Selective Asset Management Inc. who oversees about C$140 million, said in a telephone interview from Toronto. “That’s had a significant impact on gold — plus a lot of the base-metal — stocks. Copper didn’t move through the $4 level. People were expecting that copper would advance, it didn’t, and they’re now having a reassessment as to a potential slowdown in economic growth.� The index lost 1.6 percent March 2 and yesterday as raw- materials and energy companies retreated after Germany reported a decline in retail sales and China reduced its annual economic- growth goal. The S&P/TSX hasn’t slipped three days in a row since Dec. 15. The U.S. dollar increased against 15 of 16 other major currencies today. The currency extended its advance after the European Union’s statistics office said its economy contracted 0.3 percent in the fourth quarter, confirming an earlier estimate. Gold stocks in the S&P/TSX extended their three-day slump to 5.4 percent. Goldcorp lost 1.7 percent to C$46.85. Barrick Gold Corp., the world’s biggest producer of the metal, decreased 1.4 percent to C$45.73. Semafo Inc., which mines gold in West Africa, tumbled 6.6 percent to C$5.80 after touching C$5.75, the lowest intraday since May 2010. Base-metals and coal producers retreated after closing at a 2012 low yesterday. Teck Resources Ltd., Canada’s largest company in the industry, fell 2 percent to C$35.60. First Quantum Minerals Ltd., the nation’s second-biggest publicly traded copper producer, tumbled 6.9 percent to C$20.43 after dropping 5.4 percent yesterday. Lundin Mining Corp., which operates in Europe, slumped 6 percent to C$4.54. The S&P/TSX Energy Index decreased the most since Dec. 14 as crude oil fell to a two-week low on the New York Mercantile Exchange. Suncor dropped 2.8 percent to C$33.84. Canadian Natural Resources Ltd., the country’s second-largest energy company by market value, declined 1.6 percent to C$35.04. Cenovus Energy Inc., Canada’s fifth-biggest company in the industry by revenue, lost 3.3 percent to C$36.22. Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer by market value, lost 1.5 percent to C$44.06 as corn futures declined after settling at the highest since September yesterday. China won’t need large imports of corn this year as it has ample supplies, Nie Zhenbang, the head of the country’s grain administration, told reporters in Beijing today. Lululemon decreased 4.1 percent to C$65.60 after Christopher Graja, an analyst at Argus Research, reduced his rating on the shares to hold from buy. Graja cited the 47 percent surge in Lululemon’s U.S.-traded shares this year through yesterday in a note to clients.

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