Canadian stocks rallied at open Tuesday amid buying across a variety of sectors, with commodities tuning in particularly strong performances. The S&P/TSX Composite Index gained 249.01 points or 2.15 percent to 11,845.57.
The Diversified Materials Index surged about 5 percent, with Inmet Mining (IMN.TO), Teck Resources (TCK_B.TO) and First Quantum Minerals (FM.TO) gaining around 5 percent each.
In the oil patch, MEG Energy (MEG.TO), Cenovus Energy (CVE.TO) and Imperial Oil (IMO.TO) moved up around 3 percent each.
Among gold stocks, Royal Gold (RGL.TO) and Barrick Gold (ABX.TO) were up around 2 percent each.
Meanwhile, Peyto Exploration & Development Corp (PEY.TO) slipped 2 percent after it said it would acquire Open Range Energy Corp (ONR.TO) on the basis of 0.0696 of its share for each Open Range common share. Shares of Open Range skyrocketed 27 percent to C$1.300.
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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.