India, June 18 -- Canadian stocks edged lower on Thursday amid by a decrease in crude oil prices due to the reopening of the Strait of Hormuz and a plunge in gold prices due to the possibility of higher U.S. interest rates, both of which weighed on the energy and metal-linked materials sectors, respectively, and pulled down the market.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index lost momentum early in the session and traded firmly negative throughout the rest of the day before settling at 34,969.26, down by 155.85 points (or 0.44%).
Six of the 11 sectors posted gains today, with the healthcare sector leading the pack.
Last night in France, after the G7 summit, French President Emmanuel Macron ...