TORONTO — Canada’s main stock index finished lower on Friday, weighed down by losses in the basic materials sector, as U.S. markets were closed for a holiday.
The S&P/TSX composite index was down 111.92 points at 34,857.34.
Shares of Alamos Gold Inc. and Agnico Eagle Mines Ltd. were down about 18 per cent and two per cent respectively. Those were some of the stocks that weighed on the overall index.
U.S. stock and commodities markets were closed for the Juneteenth holiday.
Brent Joyce, chief investment strategist at BMO Private Wealth, said geopolitical developments were putting upward pressure on oil prices.
Israel and the Iranian-backed Hezbollah militant group
→ Continue reading at BIV