India, May 22 -- Canadian stocks ticked higher on Friday, extending the gains from the two previous sessions as investors watched the efforts on securing a U.S.-Iran peace deal against a warning by the International Energy Agency of crude oil shortages in a few months if the Strait of Hormuz remains blocked.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index lost momentum early but gained ground to trade positive throughout the rest of the session before settling at 34,471.36, up by 61.87 points (or 0.18%).
Seven of the 11 sectors posted gains today, with the IT sector leading the pack.
The U.S.-Israel versus Iran war entered day number 84 today.
While speaking at the GLOBSEC Forum in Czech, Preside...