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TSX Down At Open Friday

Bay Street stocks dipped at open Friday amid selling in commodities, with the S&P/TSX Composite Index shedding 107.62 or 0.88 percent to 12,107.03.

The Diversified Materials Index lost nearly 2 percent, with First Quantum Minerals (FM.TO) surrendering close to 5 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) were down around 2 percent each.

In the oil patch, Baytex Energy Corp. (BTE.TO), Petrominerales (PMG.TO) and Suncor Energy (SU.TO) were down around 1 percent each.

Among gold plays, Barrick Gold (ABX.TO), Agnico-Eagle Mines (AEM.TO) and Goldcorp. (G.TO) were down around 1 percent each.

Precious metals miner NovaGold Resources (NG.TO) slipped over 1 percent after reporting lower first quarter net income.

Meanwhile, health services company TearLab Corp. (TLB.TO) rose 10 percent. Wednesday, the company had announced that it has priced an underwritten public offering of 3 million shares of its common stock at a price to the public of $3.60 per share for gross proceeds of $10.8 million.

by RTTNews Staff Writer

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