India, May 27 -- Canadian stocks edged lower on Wednesday, extending the losses from yesterday's session, as a peace deal between the U.S. and Iran to end the gulf war remains elusive, compelling investors to hold back from risky moves.
After opening lower than yesterday's close, today the benchmark S&P/TSX Composite Index traded negative throughout the session before settling at 34,412.05, down by 241.82 points (or 0.70%).
Four of the 11 sectors posted gains today, with the consumer staples sector leading the pack.
As the U.S. versus Iran war entered day number 89 today, the Strait of Hormuz, which was shut immediately by Iran after the war began, continues to remain closed.
Over the past three months, the blockade has crippled oil and...