India, May 12 -- Canadian stocks edged higher on Tuesday as traders watched the developments in the U.S.-Iran standoff after reports indicated that the U.S. could restart combat operations while refraining from big moves. Gains in the oil-linked energy sector lifted the index against a pullback in the IT sector.
After opening lower than yesterday's close, today the benchmark S&P/TSX Composite Index traded lower early in the session but gained ground towards the end of the day before settling at 34,290.73, up by 151.85 points (or 0.44%).
Seven of the 11 sectors posted gains today, with the energy sector leading the pack.
The U.S.-Iran conflict entered day number 74 today.
After announcing a two-week ceasefire on April 7, U.S. President D...