India, April 23 -- Canadian stocks ended nearly flat on Thursday as Iran's reluctance to engage with the U.S. for negotiations has resulted in twin blockades across the Strait of Hormuz, raising concerns of a protracted war and long-term inflation, prompting traders to avoid risky assets.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index remained volatile throughout the session giving back early gains before settling at 33,912.93, down by 42.18 points (or 0.12%).
Seven of the 11 sectors posted gains today, with the industrials sector leading the pack.
The Middle East conflict continued to steer the market trajectory as investors focused on the developments in U.S.-Iran ceasefire while staying away from ri...