India, May 11 -- Canadian stocks advanced on Monday, as gains in the oil-linked energy sector and a surge in the silver-linked materials sector pushed the index higher but inflationary concerns due to an elusive U.S.-Iran peace deal capped the gains.
After opening a little lower than the previous week's close, today the benchmark S&P/TSX Composite Index gained ground to trade positively firm throughout the session before settling at 34,138.88, up by 61.12 points (or 0.18%).
Three of the 11 sectors posted gains today, with the materials sector leading the pack.
The U.S.-Iran war entered day number 73 today with a ceasefire declared by the U.S. administration holding other than a few sporadic firing incidents.
However, a breakthrough deve...