TORONTO — Canada’s main stock index saw slight gains Monday, while U.S. markets edged lower following the latest rise in tensions between the United States and Iran.
The S&P 500 slipped 0.2 per cent from its all-time high for just its second drop in 14 days after the United States seized an Iranian-flagged cargo vessel that it said had tried to evade its blockade of Iranian ports.
“I think the trading day, once again, is being informed by the conflict in Iran and we’ve just completed a very strong snapback in risk assets like equities,” said Lesley Marks, chief investment officer of equity at Mackenzie Investments.
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