TORONTO — Canada’s main stock index moved lower in trading on Tuesday, weighed down by losses in the battery and base metals sectors, while U.S. markets also fell.
The S&P/TSX composite index was down 92.11 points at 33,741.24.
In New York, the Dow Jones industrial average was down 322.24 points at 49,363.88. The S&P 500 index was down 49.44 points at 7,353.61, while the Nasdaq composite was down 220.03 points at 25,870.71.
The market’s performance remains tied to the closure of the Strait of Hormuz, said Sadiq Adatia, chief investment officer at BMO Global Asset Management.
The strait was shuttered by Iran in response to U.S. and Israeli attacks,
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