Bay Street stocks dipped at open Monday amid selling across a variety of sectors, with the S&P/TSX Composite Index losing 104.55 points or 0.91 percent to 11,330.99.
The Diversified Materials Index lost over 2 percent, with First Quantum Minerals (FM.TO) shedding close to 4 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) were down around 2 percent each.
In the oil patch, Coastal Energy (CEN.TO) surrendered about 4 percent. Suncor Energy (SU.TO) and Paramount Resources (POU.TO) were down around 2 percent each.
In the financial space, Royal Bank (RY.TO) and TD Bank (TD.TO) slipped nearly 1 percent each.
Research In Motion Ltd. (RIM.TO) moved down about 3 percent amid reports that the company is planning to split its business into two by separating its handset division from its messaging network.
Meanwhile, gold stocks were marginally higher, with Royal Gold (RGL.TO) and Agnico-Eagle Mines (AEM.TO) edging up around 1 percent each.
by RTT Staff Writer
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