S&P/TSX composite index was down 0.42% at close
Fall was contained by rise in energy, gold stocks
Crude oil price up by 7% to $74.23 per barrel
Spot gold rose 1.6% at $3,428.10 an ounce
By Ragini Mathur and Promit Mukherjee
June 13 – Canada’s main stock index retreated from recent highs on Friday, dragged down by investor fears of a wider conflict after an Israeli attack and Iranian retaliation rattled global markets.
Investors rushed to safe-haven gold, pushing its price higher, while panic around the prospect of an all-out war triggered a spike in crude oil futures.
The S&P/TSX composite index closed down 0.42% at 26,504.35 points, falling from its all-time peak seen a day ago.
Iran launched hundreds of ballistic missiles toward Israel, Iranian media reported. This was in response to a strike by Israel on Iran’s nuclear sites, spurring widespread tensions in a politically fragile region.
Israel has warned that the…
