Bay Street stocks dipped at open Friday amid selling in energy stocks, with the S&P/TSX Composite Index losing 75.19 points or 0.63 percent to 11,939.71.
The Energy Index shed nearly 2 percent, with Niko Resources (NKO.TO) losing over 4 percent. Suncor Energy (SU.TO) and Cenovus Energy (CVE.TO) lost around 2 percent each.
Canadian Natural Resources (CNQ.TO) was down over 3 percent even after reporting that its first-quarter net earnings were C$427 million or C$0.39 per share up from C$46 million or C$0.04 per share for the first quarter of 2011
The Diversified Materials Index lost over 1 percent, with First Quantum Minerals (FM.TO) surrendering close to 2 percent.
Meanwhile, gold stocks were firm, with Agnico-Eagle Mines (AEM.TO) ad Goldcorp. (G.TO) adding around 2 percent each.
Diversified services company K-Bro Linen Inc. (KBL.TO) gained 3 percent after reporting improved first quarter net income.
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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.