Bay Street stocks opened higher Friday amid buying in energy and telecommunications stocks, with the S&P/TSX Composite Index adding 55.62 points or 0.45 percent to 12,511.54.
Media company Astral Media Inc. (ACM_B.TO) skyrocketed over 40 percent to C$53.16 after telecommunications company BCE Inc. (BCE.TO) announced that Bell would acquiring Astral Media for about $3.38 billion.
In the oil patch, MEG Energy (MEG.TO) and Tourmaline Oil (TOU.TO) moved up around 1 percent each.
Among base-metals stocks, First Quantum Minerals (FM.TO) gained over 1 percent.
Industrial wood products company Stella-Jones Inc. (SJ.TO) edged up 0.60 percent after announcing higher fourth quarter profits.
Meanwhile, gold stocks were trading lower amid falling bullion prices. Barrick Gold (ABX.TO), Goldcorp. (G.TO) and Centerra Gold (CG.TO) shed around 1 percent each.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.