Bay Street stocks moved up at open Tuesday amid buying in commodities, with the S&P/TSX Composite Index gaining 74.02 points or 0.59 percent to 12,532.32.
In the oil patch, Flint Energy Services (FES.TO) soared over 65 percent to C$24.79 after it said it would be acquired by URS Corp. for C$25.00 per share in cash or C$1.25 billion.
Encana Corp. (ECA.TO), MEG Energy (MEG.TO), Niko Resources (NKO.TO) and Bonterra Energy (BNE.TO) were up around 1 percent each.
The Diversified Materials Index rose over 1 percent, with First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) adding around 2 percent each.
Among gold plays, Barrick Gold (ABX.TO), Goldcorp. (G.TO) and Seabridge Gold (SEA.TO) moved up around 2 percent each.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.