Bay Street stocks opened higher Tuesday amid buying across a variety of sectors, with the S&P/TSX Composite Index adding 65.74 points or 0.57 percent to 11,631.89.
The Diversified Materials Index gained over 1 percent, with Teck Resources (TCK_B.TO) and First Quantum Minerals (FM.TO) adding around 2 percent each.
Among financial stocks, Scotiabank (BNS.TO) rose close to 3 percent after reporting second-quarter net income that matched consensus estimates.
In the oil patch, Calfrac Well Services ( CFW.TO) gained almost 5 percent. Suncor Energy (SU.TO) and Pacific Rubiales Energy (PRE.TO) moved up around 2 percent each.
Meanwhile, Ithaca Energy (IAE.TO) dived over 30 percent after announcing that it has ceased discussions with all parties regarding the potential acquisition of all of the outstanding shares of the company.
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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.