India, July 9 -- Canadian stocks surged on Thursday, partially reversing the losses from yesterday's session, amid gains in the gold-linked materials sector while investors focused on how the latest U.S.-Iran crisis pans out following U.S. President Donald Trump's mixed remarks.
After opening a little higher than yesterday's close, today the benchmark S&P/TSX Composite Index traded positive throughout the session before settling at 35,200.45, up by 264.65 points (or 0.76%).
Five of the 11 sectors posted gains today, with the materials sector leading the pack.
After three separate attacks on ships transiting across the Strait of Hormuz on Monday, U.S. forces conducted two waves of strikes on Iran on Tuesday and Wednesday, hitting nearly 1...