India, April 13 -- Canadian stocks moved higher on Monday even as a U.S. blockade on Iranian ports triggered concerns of a protracted war in the gulf, forcing investors to hold back from risky moves while energy-driven inflationary pressures deflated expectations of a low-interest-rate regime.
After opening below the previous week's close, today the benchmark S&P/TSX Composite Index gained ground gradually to trade positive later in the session before settling at 33,879.24, up by 183.48 points (or 0.54%).
After last Wednesday's two-week ceasefire announcement by U.S. President Donald Trump on all attacks on Iran, Iran permitted only around 15 ships per day to pass through the Strait of Hormuz.
Ship owners were reluctant to allow their fl...