India, July 13 -- Partially offsetting the gains made from Friday's session, Canadian stocks inched lower on Monday as a plunge in the metal-linked materials sector due to a decline in gold prices overshadowed the surge in the oil-linked energy sector due to a sharp jump in crude oil prices after Iran shut the Strait of Hormuz once again.
Despite opening a little lower than the previous week's close, today the benchmark S&P/TSX Composite Index gained early in the session but lost momentum and traded negatively throughout the rest of the day before settling at 35,252.72, down by 52.59 points (or 0.15%).
Eight of the 11 sectors posted gains today, with the energy sector leading the pack.
In an interim arrangement, the U.S. and Iran agreed ...