India, July 8 -- Reversing the gains from yesterday's session, Canadian stocks slumped on Wednesday as a fresh exchange of attacks between the U.S. and Iran since yesterday and the resultant uncertainty on a U.S.-Iran peace deal compelled investors to adopt a "wait and watch" strategy.
After opening below yesterday's close, today the benchmark S&P/TSX Composite Index traded firmly negative throughout the session before settling at 34,935.80, down by 336.79 points (or 0.95%).
Four of the 11 sectors posted gains today, with the energy sector leading the pack.
Global markets calmed since June 17 when the U.S. and Iran signed a Memorandum of Understanding to halt their mutual attacks temporarily and resolve their hostility through negotiatio...