India, June 9 -- Canadian stocks ticked lower on Tuesday after a slump in the oil-linked energy sector and a plunge in the gold-linked materials sectors pulled down the market, while investors received U.S. President Donald Trump's assurances on early reopening of the Strait of Hormuz with cautious optimism.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index gave ground early in the session to reach an intraday low of 33,990.51. Despite regaining momentum, it traded negative throughout the rest of the session before settling at 34,411.69, down by 67.05 points (or 0.19%).
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