India, July 16 -- Reversing the gains from yesterday's session, Canadian stocks inched lower on Thursday as a plunge in the gold-linked materials sector dragged the index down while investors stayed back from risky assets amid the U.S.-Iran exchange of attacks.
After opening lower than yesterday's close, today the benchmark S&P/TSX Composite Index managed to regain momentum but gave ground later and traded lower throughout the rest of the session before settling at 35,340.15, down by 76.05 points (or 0.21%).
Seven of the 11 sectors posted gains today, with the industrials sector leading the pack.
The fresh U.S.-Iran faceoff that began after Iran fired at a Cyprus-flagged vessel transiting the Strait of Hormuz, forcing the crew to abandon...