Bay Street stocks suffered triple-digit loss at open Wednesday amid sell-offs in commodities, with the S&P/TSX Composite Index surrendering 108.48 points or 0.88 percent to 12,224.30.
The Diversified Materials Index lost nearly 2 percent, with First Quantum Minerals (FM.TO) shedding nearly 4 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) were down around 2 percent each.
In the oil patch, Tourmaline Oil (TOU.TO) lost close to 3 percent, Cenovus Energy (CVE.TO) and Paramount Resources (POU.TO) slipped over 1 percent each.
Among gold plays, Allied Nevada Gold (ANV.TO) and Agnico-Eagle Mines (AEM.TO) moved down over 1 percent each.
Barrick Gold (ABX.TO) lost 1.50 percent after recording a marginal growth first-quarter net earnings, which came in below street estimates.
Meanwhile, MacDonald Dettwiler (MDA.TO) rose nearly 2 percent after reporting improved 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.