India, June 23 -- Canadian stocks inched lower on Tuesday, partially offsetting the gains from yesterday's session, as the decline in oil-linked energy sector due to the reopening of the Strait of Hormuz and the tumble in gold-linked materials sectors due to high U.S. interest rate concerns pulled down the index.
After opening well below yesterday's close, today the benchmark S&P/TSX Composite Index gained momentum earlier but then gave ground to trade lower throughout the rest of the session before settling at 34,927.38, down by 74.80 points (or 0.21%).
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