(Updates with morning prices)
By Twesha Dikshit and Sukriti Gupta
June 25 (Reuters) - Canada's main stock index edged
lower on Wednesday, dragged by losses in energy shares and
utilities, while investors assessed the developments around a
ceasefire between Iran and Israel.
Toronto's S&P/TSX Composite Index was down 0.3% at
26,641.69 points, a day after hitting a record high as Middle
East tensions eased.
The ceasefire brokered by U.S. President Donald Trump
between Iran and Israel appeared to be holding on Wednesday.
However, doubts continued to linger about whether the truce can
hold.
"Markets will really react depending on news that comes out
but the last few days highlight how uncertain things can be on a
day-to-day basis," said Devin Cattelan, portfolio manager at
Verecan Capital Management.
On Wednesday, during the NATO summit in The Hague, Trump
said he now expects a relationship with Tehran that would
preclude rebuilding its nuclear program.
NATO leaders endorsed a higher defense spending goal of 5%
of GDP by 2035 and restated their commitment to defend each
other from attack.
On the TSX, utilities shares fell 0.8%, while
industrial stocks lost 0.5%.
Mining shares were flat. NovaGold Resources ( NG )
and Aya Gold & Silver ( AYASF ) fell 5.9% and 2.9%
respectively, as gold prices edged lower.
Oil prices recovered on Wednesday after sliding earlier this
week. But the energy sector was down 0.2%.
On the flip side, information and technology rose
0.6%, helped by gains in BlackBerry that jumped 15.9%
after raising its annual revenue forecast.