India, July 17 -- Extending the losses from yesterday's session, Canadian stocks edged lower on Friday as cautious investors refrained from big bets due to the Middle East conflict. A sell-off in tech stocks in the U.S. was mirrored in the Canadian IT sector, which dragged down the index, while gains in the oil-linked energy sector limited the losses.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index gained ground early in the session but lost the momentum later and traded negative through the rest of the session before settling at 35,263.85, down by 76.30 points (or 0.22%).
Four of the 11 sectors posted gains today, with the energy sector leading the pack.
Today in the U.S., concerns over the huge spendi...