India, July 28 -- Extending the gains from the two previous sessions, Canadian stocks edged higher on Tuesday as sharp declines in the materials and energy sectors were offset by positivity in the IT sector while investors focused on U.S.-Iran negotiations ahead of an interest rate announcement in the U.S.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index gained momentum later to trade positive throughout the rest of the session before settling at 35,749.70, up by 181.56 points (or 0.51%).
Seven of the 11 sectors posted gains today, with the IT sector leading the pack.
The U.S. Federal Reserve's two-day meeting on monetary policy will conclude tomorrow at the end of which the Federal Reserve Chair Kevin W...