Bay Street stocks opened lower Wednesday amid selling across a variety of sectors, with the S&P/TSX Composite Index losing 80.18 points or 0.65 percent to 12,243.43.
The Diversified Materials Index lost over 3 percent. First Quantum Minerals (FM.TO) surrendered nearly 6 percent. Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) moved down close to 3 percent each.
Among gold stocks, Goldcorp. (G.TO), Allied Nevada Gold (ANV.TO) and Barrick Gold (ABX.TO) were down over 2 percent each.
Gold and silver miner First Majestic Silver (FR.TO) shed 4 percent after it said it would acquire Silvermex Resources (SLX.TO) for about C$175.00 million or C$0.60 per share. The offer values Silvemex at approximately 33 percent premium to its latest closing price. Shares of Silvermex lost a similar 4 percent.
In the oil patch, MEG Energy (MEG.TO) and Crescent Point Energy (CPG.TO) shed around 2 percent each.
Meanwhile, software solutions provider 20-20 Technologies Inc. (TWT.TO) surged 8 percent despite posting lower first-quarter net earnings.
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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.