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.
by RTT Staff Writer
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