Bay Street stocks opened lower Wednesday amid selling in gold stocks, with the S&P/TSX Composite Index shedding 40.86 points or 0.35 percent to 11,747.50.
Gold stocks were trading lower amid a fall in bullion prices. The Global Gold Index was down over 1 percent, with Barrick Gold (ABX.TO), Agnico-Eagle Mines (AEM.TO) and Goldcorp. (G.TO) losing over 1 percent each. Seabridge Gold (SEA.TO) and Iamgold (IMG.TO) were down over 2 percent each.
In the base-metals space, Inmet Mining (IMN.TO) slipped close to 2 percent, while First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) were easing around 0.50 percent each.
Meanwhile energy stocks were moving higher. Bonterra Energy (BNE.TO), Pacific Rubiales Energy (PRE.TO) and Vermilion Energy (VET.TO) added around 1 percent each.
Trez Capital Mortgage Investment Corporation (TZZ.TO) rose nearly 4 percent and MBN Corp. (MBN.TO) gathered over 5 percent.
by RTT Staff Writer
For comments and feedback: email@example.com