India, March 27 -- Canadian stocks inched higher on Friday as investors assessed U.S. efforts to end the ongoing gulf war against Iran. Surges in gold and oil prices led to gains in the materials and energy sectors, respectively, offsetting weakness in other sectors.
After opening lower than yesterday's close, today the benchmark S&P/TSX Composite Index lost the momentum gained earlier in the session and turned lower but gained ground to settle at 31,960.65, up by 73.13 points (or 0.23%).
Three of the 11 sectors posted gains today, with the materials sector leading the pack.
In a message via his social media platform Truth Social, U.S. President Donald Trump announced extending the "pause period" on the planned strikes by U.S. forces on ...