India, April 6 -- Extending the gains from the three previous sessions, Canadian stocks inched higher on Monday as investors assessed ceasefire attempts to end the gulf war even as the U.S. ultimatum to Iran to open the Strait of Hormuz lapses tomorrow.

After opening just below the previous week's close, today the benchmark S&P/TSX Composite Index traded volatile earlier in the session but gained ground later before settling at 33,181.97, up by 73.75 points (or 0.22%).

Seven of the 11 sectors posted gains today, with the consumer discretionary sector leading the pack.

The U.S.-Israel attacks on Iran, termed Operation Epic Fury, which began on February 28 and rages to the sixth week today, entered a crucial phase this weekend.

Since the ...