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 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.