India, April 9 -- Giving back ground following yesterday's rally following a diplomatic breakthrough in U.S.-Iran conflict, Canadian stocks fell on Thursday as crude oil prices bounced due to renewed supply disruption concerns after Iran limited vessel traffic through the Strait of Hormuz.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index gained ground early in the session but lost momentum to trade lower throughout the rest of the session before settling at 33,477.71, down by 142.86 points (or 0.42%).
Three of the 11 sectors posted gains today, with the financials sector leading the pack.
Late Tuesday, U.S. President Donald Trump agreed to a two-week ceasefire in the U.S. war with Iran that began on Febr...