India, April 24 -- Canadian stocks closed little changed on Friday as the prospects of an end to the gulf crisis amid reports indicating that Iran relaxed its hard stance supported the market. However, supply disruption concerns due to the closure of the Strait of Hormuz restricted the gains.
After opening just above yesterday's close, today the benchmark S&P/TSX Composite Index lost momentum early in the session and traded lower. However, it gained ground towards the end to settle at 33,904.11, down by 8.82 points (or 0.03%).
Six of the 11 sectors posted gains today, with the healthcare sector leading the pack.
Soon after the breakout of gulf war on February 28, Iran blocked the Strait of Hormuz.
After the first round of peace talks he...