India, July 20 -- Canadian stocks edged lower on Monday, extending the losses from Friday's session, after the U.S. and Iran signaled embarking a diplomatic route to end their hostilities while investors parsed benign Canadian inflation data.
After opening a little higher than the previous week's close, today the benchmark S&P/TSX Composite Index gained further momentum but lost quickly and traded firmly negative throughout the rest of the session before settling at 34,960.32, down by 303.53 points (or 0.86%).
Three of the 11 sectors posted gains today, with the IT sector leading the pack.
On June 17, the U.S. and Iran agreed to halt their war which started on February 28 for a 60-day period and consented to explore a framework to discus...