India, July 7 -- Canadian stocks ticked higher on Tuesday amid a jump in the oil-linked energy sector due to renewed Middle East tensions and a plunge in the gold-linked materials sector due to the strengthening U.S. dollar. Persisting concerns over the U.S. refusal to renew Canada-United States-Mexico Agreement for free trade held back investors from making big moves.
After opening a little higher than yesterday's close, today the benchmark S&P/TSX Composite Index lost momentum soon and remained volatile throughout the session but gained ground later before settling at 35,272.59, up by 60.27 points (or 0.17%).
Nine of the 11 sectors posted gains today, with the energy sector leading the pack.
Crude oil prices declined sharply since June...