CANADA STOCKS-TSX edges lower as investors assess Iran-Israel ceasefire

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 .GSPTSE 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 .GSPTTUT fell 0.8%, while industrial stocks .GSPTTIN lost 0.5%.

Mining shares .GSPTTMT were flat. NovaGold Resources NG.TO and Aya Gold & Silver AYA.TO 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 .SPTTEN was down 0.2%.

On the flip side, information and technology .SPTTTK rose 0.6%, helped by gains in BlackBerry BB.TO that jumped 15.9% after raising its annual revenue forecast.