Bay Street stocks opened lower Monday amid selling in commodities, with the S&P/TSX Composite Index shedding 67.01 points or 0.55 percent to 12,170.73.
The Global Gold Index was down nearly 1 percent, with New Gold (NGD.TO) diving over 7 percent. Goldcorp. (G.TO) slipped 1 percent after announcing that the environmental permit approval for its El Morro copper-gold project was suspended by the Supreme Court of Chile.
In the oil patch, MEG Energy was down close to 3 percent and Pacific Rubiales Energy (PRE.TO) slipped 1.50 percent.
On the other hand, Niko Resources (NKO.TO) and Petrominerales (PMG.TO) moved up around 3 percent each.
Meanwhile, McGraw-Hill Ryerson (MHR.TO) surged close to 5 percent even after reporting a wider first quarter net loss of C$2.7 million or C$1.37 per share compared to the net loss of C$2.2 million or C$1.10 per share last year.
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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.