India, June 3 -- Canadian stocks slumped on Wednesday, partially offsetting the gains from yesterday's session after new attacks in the Middle East stalled the signing of a U.S.-Iran peace agreement, delaying the reopening of the Strait of Hormuz.
After opening lower than yesterday's close, today the benchmark S&P/TSX Composite Index traded firmly negative throughout the session before settling at 34,801.54, down by 367.92 points (or 1.05%).
Five of the 11 sectors posted gains today, with the consumer staples sector leading the pack.
Last week, Axios reported that the U.S. and Iranian negotiating teams were inching closer to sign a Memorandum of Understanding to discuss measures to end the gulf war and reopen the Strait of Hormuz as earl...