Bay Street stocks dived at open Friday amid selling across a variety of sectors, with the S&P/TSX Composite Index losing 143.12 points or 1.24 percent to 11,370.03.
The Diversified Materials Index lost 3 percent, with Teck Resources (TCK_B.TO) shedding over 3 percent. First Quantum Minerals (FM.TO) and Inmet Mining (IMN.TO) were down around 2 percent each.
In the oil patch, Baytex Energy Corp. (BTE.TO), Enbridge Inc. (ENB.TO), Nexen Inc. (NXY.TO) and Trilogy Oil (TET.TO) were down around 4 percent each.
Junior oil and natural gas exploration company Cequence Energy (CQE.TO) dived 7 percent after it said it would acquire Open Range Energy Corp. (ONR.TO)
Meanwhile, gold stocks were trading higher amid a rebound in bullion prices. Among gold plays, Gold, Agnico-Eagle Mines (AEM.TO), Iamgold (IMG.TO) and Barrick Gold (ABX.TO) moved up around 3 percent each.
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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.