India, May 21 -- Canadian stocks moved higher on Thursday, extending the gains from yesterday's session, as traders watched the ongoing diplomatic process to end U.S.-Iran hostilities with positivity. The continuing blockade on the Strait of Hormuz shipping traffic capped the upward movement.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index gained momentum and traded positive throughout the rest of the session before settling at 34,409.49, up by 247.67 points (or 0.72%).
Nine of the 11 sectors posted gains today, with the consumer discretionary sector leading the pack.
The war between the U.S.-Israeli forces versus Iran entered day number 83 today. Since the war erupted on February 28, Iran shut the Stra...