Bay Street stocks opened lower Thursday amid selling across a variety of sectors, with the S&P/TSX Composite Index shedding 40.17 points or 0.35 percent to 11,370.77.
The Diversified Materials Index lost nearly 1 percent, with First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) slipping around 1 percent each.
In the oil patch, Tahoe Resources (THO.TO) dived nearly 20 percent, while Niko Resources (NKO.TO) was adding 2 percent even after slipping into the red in fourth quarter. Celtic Exploration (CLT.TO) soared over 11 percent.
Among financial stocks, TD Bank (TD.TO), Scotiabank (BNS.TO) and Royal Bank (RY.TO) surrendered around 1 percent each.
Meanwhile, Progress Energy Resources Corp. (PRQ.TO) skyrocketed 75 percent after announcing that it would be acquired by PETRONAS' Canadian subsidiary, PETRONAS Carigali Canada Ltd at a cash price of C$20.45 per share.
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Business News
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.