Bay Street stocks jumped at open Friday amid buying across a variety of sectors, with the S&P/TSX Composite Index gaining 156.69 points or 1.37 percent to 11,581.39.
The Diversified Materials Index surged nearly 5 percent, with Inmet Mining (IMN.TO) and First Quantum Minerals (FM.TO) adding around 7 percent each. Teck Resources (TCK_B.TO) gathered close to 5 percent.
In the oil patch, MEG Energy (MEG.TO), Cenovus Energy (CVE.TO), Baytex Energy Corp. (BTE.TO) and Crescent Point Energy (CPG.TO) were up around 4 percent each.
Among gold stocks, Detour Gold (DGC.TO) rose about 7 percent and Agnico-Eagle Mines (AEM.TO) gained 4 percent.
Meanwhile smartphone maker Research In Motion (RIM.TO) plummeted 16 percent after reporting first quarter net loss that came in much wider than consensus estimates.
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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.