Canadian Stocks Slide As Investors Turn Risk-Averse Due To Gulf Crisis

Canadian stocks inched lower as a plunge in the gold-linked materials sector weighed on the index. Investors remained cautious and stayed back from riskier assets amid the U.S.-Iran exchange of attacks. Net effect was a modest downside move rather than a broad selloff.

Analysis

Canadian stocks inched lower as a plunge in the gold-linked materials sector weighed on the index. Investors remained cautious and stayed back from riskier assets amid the U.S.-Iran exchange of attacks. Net effect was a modest downside move rather than a broad selloff.