Bay Street stocks extended gains at open Thursday as commodities rose after a surprise rate cut move by China. The S&P/TSX Composite Index added 76.08 points or 0.65 percent to 11,709.48.
The Diversified Materials Index was up close to 4 percent, with First Quantum Minerals (FM.TO) surging 5 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) rose around 4 percent each.
In the oil patch, Cenovus Energy (CVE.TO) and Niko Resources (NKO.TO) gained close to 3 percent each.
Meanwhile, gold stocks were trading lower amid a fall in bullion prices. Barrick Gold (ABX.TO) and Seabridge Gold (SEA.TO) shed around 2 percent each.
Athletic apparel and accessories firm Lululemon Athletica Inc. (LLL.TO) dived 9 percent after reporting improved first-quarter net income that came in below consensus estimates.
Sandvine Corp. (SVC.TO) plummeted 15 percent after lowering its second quarter earnings guidance.
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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.