Canada’s main stock index declined on Friday, dragged down by losses in technology shares, as Israel’s widescale strikes on Iran dampened global risk appetite.
The S&P/TSX composite index TSX was down 0.5% at 26,490.64 points.
Israel has warned that the strikes were the start of a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response.
However, U.S. President Donald Trump urged Iran to make a deal over its nuclear programme, saying there was still time for the country to prevent further conflict with Israel.
The downturn in the TSX was limited as investors shifted to safe-haven assets, boosting metal mining shares. The materials sector TTMT gained 0.6%
The energy sector TTEN rose 1.7% to be the top gainer as the tensions in the Middle East sparked worries about supply disruptions, boosting crude prices.
“I don’t think it’s any surprise that…


