India, May 5 -- Canadian stocks slid on Tuesday as a delayed U.S.-Iran peace agreement kept up the conflict tensions while investors focused on the ongoing U.S. initiative to free up locked ships in the Strait of Hormuz.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index gained ground earlier but lost momentum and traded lower through the session before settling at 33,566.91, down by 71.96 points (or 0.21%).
Nine of the 11 sectors posted gains today, with the healthcare sector leading the pack.
After the U.S.-Israeli forces struck Iran on February 28, Iran commenced its military retaliation and also closed the Strait of Hormuz, the strategic waterway through which oil-and-energy tankers transit from Arabia...