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.
by RTT Staff Writer
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