Bay Street stocks opened sharply lower Monday amid sell-offs in a variety of sectors, with the S&P/TSX Composite Index losing 148.40 points or 1.22 percent to 11,998.88.
The Diversified Materials Index lost close to 4 percent, with First Quantum Minerals (FM.TO) and Inmet Mining (IMN.TO) losing around 5 percent each. Teck Resources (TCK_B.TO) shed over 3 percent.
In the oil patch, Suncor Energy (SU.TO) and Niko Resources (NKO.TO) were down close to 3 percent each. Lundin Petroleum AB (LUP.TO) lead the losers in the energy sector, diving over 5 percent.
Among gold plays, Barrick Gold (ABX.TO), Allied Nevada Gold (ANV.TO) and Goldcorp. (G.TO) moved down around 3 percent each.
Telecommunications company Otelco Inc. (OTT_UN.TO) dived close to 30 percent after announcing anticipated expiration of customer contract and reduction in quarterly distribution payment to IDS holders.
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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.