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.
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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.