India, April 27 -- Canadian stocks edged lower on Monday amid rising oil supply concerns after the U.S. cancelled peace talks with Iran, leaving the Strait of Hormuz to remain shut.
After opening below the previous week's close, today the benchmark S&P/TSX Composite Index gained a little but lost momentum to trade lower throughout the rest of the session before settling at 33,818.19, down by 85.92 points (or 0.25%).
Three of the 11 sectors posted gains today, with the energy sector leading the pack.
In an effort to end the war between the U.S. and Iran that commenced on February 28, delegates from both nations sat together on April 11-12 in Pakistan. However, the talks ended without any breakthrough.
After requests from Pakistan, U.S. P...