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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.