India, Aug. 14 -- Canadian stocks ticked lower on Friday as investors turned risk-averse after the U.S. revealed plans for severe economic measures and an indefinite naval blockade against Iran. In addition, the ongoing Canada-U.S. negotiations for avoiding 50% tariffs are yet to yield a breakthrough ahead of an August 19 deadline.
After opening a little higher than yesterday's close, today the benchmark S&P/TSX Composite Index gave ground early in the session and slipped to negative territory. The index traded below the flatline for the rest of the session before settling at 36,730.27, down by 29.02 points (or 0.08%).
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