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TSX Suffers Triple-digit Loss At Open Wednesday

5/9/2012 9:57 AM ET

Bay Street stocks dived at open Wednesday amid selling across a variety of sectors,with the S&P/TSX Composite Index losing 112.96 points or 0.96 percent to 11,591.78.

The Diversified Materials Index lost over 2 percent, with First Quantum Minerals (FM.TO), Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) shedding around 2 percent each.

Among gold plays, Avion Gold (AVR.TO) dived 30 percent and Kinross Gold (K.TO) shed over 4 percent. Goldcorp. (G.TO) and Barrick Gold (ABX.TO) were down around 2 percent each.

In the oil patch, Baytex Energy Corp. (BTE.TO) and Suncor Energy (SU.TO) were down around 2 percent each. Enbridge Inc. (ENB.TO) slipped 0.50 percent after reporting a lower first quarter net income.

Restaurant chain Tim Hortons Inc. (THI.TO) lost close to 2 percent even after posting higher first-quarter net income.

Fertilizer maker Agrium Inc. (AGU.TO) shed over 2 percent after reporting lower first quarter net earnings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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