India, May 13 -- Partially offsetting the gains from the two previous sessions, Canadian stocks moved lower on Wednesday after the U.S. and Iran turned down each other's peace proposals, leaving the Strait of Hormuz still shut.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index traded lower throughout the session before settling at 34,041.43, down by 249.30 points (or 0.73%).
Utilities and healthcare were the only two of the 11 sectors that posted gains today, with utilities leading the pack.
U.S. President Donald Trump is in China to attend a two-day summit where he will meet Chinese President Xi Jinping to discuss a broad spectrum of bilateral issues including the ongoing gulf war.
Prior to his departur...