India, June 13 -- After moving moderately higher over the course of the previous session, Canadian stocks have given back some ground during trading on Friday.
Currently, the benchmark S&P/TSX Composite Index is off its worst levels but still down 120.68 points or 0.5 percent at 26,495.07. The index ended Thursday's trading at a new record closing high.
The pullback on Bay Street may partly reflect geopolitical concerns after Israel launched a series of airstrikes against Iran earlier this morning.
The Israeli airstrikes targeting nuclear facilities and ballistic missile factories killed at least three of Iran's senior military leaders.
Iran retaliated by launching more than 100 drones toward Israeli territory, which the Israel Defense ...