Bay Street stocks dived at open Thursday amid selling across a variety of sectors, with the S&P/TSX Composite Index losing 103.99 points or 0.88 percent to 11,655.35.
In the oil patch, Niko Resources (NKO.TO) dived over 25 percent after reporting a reduction to its reserves. Encana Corp. (ECA.TO) was down close to 5 percent.
Gold stocks were extending losses amid a fall in bullion prices, with the Global Gold Index shedding 2 percent. Centerra Gold (CG.TO) lost over 7 percent, while Agnico-Eagle Mines (AEM.TO), Iamgold (IMG.TO) , Allied Nevada Gold (ANV.TO) and Goldcorp. (G.TO) were losing around 2 percent each.
Natural gas transportation company TransCanada Corp. (TRP.TO) announced that it does not endorse an unsolicited mini-tender offer by TRC Capital Corp. to buy up to 2.0 million shares of TransCanada at a price of C$40.50 per share. The stock was down 1 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.