India, June 12 -- Canadian stocks moved higher on Friday, extending the gains from the previous session amid increasing optimism following U.S. President Donald Trump's reassurance on signing of a U.S.-Iran peace agreement over this weekend and reopening of the Strait of Hormuz. A surge in the gold-linked materials sector provided impetus to the index.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index traded firmly positive before settling at 34,937.85, up by 266.39 points (or 0.77%).
Six of the 11 sectors posted gains today, with the materials sector leading the pack.
Trump announced yesterday through his social media platform Truth Social that discussions with Iran have resulted in an agreement th...