India, June 1 -- Canadian stocks slipped on Monday after U.S.-Iran peace talks stalled after Iran's refusal to engage in talks following Israeli attacks on Lebanon, leaving the Strait of Hormuz blocked for oil and energy trade.
After opening a little lower than Friday's close, today the benchmark S&P/TSX Composite Index lost momentum early in the session. Despite managing to gain ground briefly, it fell again and traded lower to settle at 34,734.89, down by 34.25 points (or 0.10%).
Six of the 11 sectors posted gains today, with the IT sector leading the pack.
The indefinite delay in reaching an agreement between the U.S. and Iran to discuss ways to end the gulf war, which began on February 28, continues to move crude oil prices higher.
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