Toronto stocks opened sharply lower Monday amid selling across a variety of sectors, with the S&P/TSX Composite Index shedding 133.59 points or 1.15 percent to $11,489.32.
The Diversified Materials Index lost nearly 4 percent, with First Quantum Minerals (FM.TO) losing 5 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) were down around 3 percent each.
In the oil patch, Suncor Energy (SU.TO) and ARC Resources (ARX.TO) surrendered around 3 percent each.
Building construction company Churchill Corp. (CUQ.TO) dived about 15 percent after reporting preliminary estimates for 2012 second quarter revenue.
Meanwhile, Nexen Inc. (NXY.TO) jumped over 50 percent to C$26.62 after announcing that it would be acquired by CNOOC for $27.50 per share in cash.
Talisman Energy (TLM.TO) rose 10 percent after it said it would divest a 49 percent equity interest in Talisman's UK North Sea business, Talisman Energy (UK) Ltd. to Sinopec International Petroleum Exploration and Production Corp. for $1.5 billion.
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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.