Canadian stocks opened lower Wednesday amid marginal selling in metal stocks, with the S&P/TSX Composite Index shedding 29.49 points or 0.25 percent to 11,635.22.
The Global Gold Index was down over 2 percent, with Goldcorp. (G.TO), Seabridge Gold (SEA.TO) and Iamgold (IMG.TO) losing close to 4 percent each, Barrick Gold (ABX.TO) and Royal Gold (RGL.TO) were down around 2 percent each.
Media company Torstar Corp. (TS_B.TO) dived over 5 percent after reporting a drop in second-quarter net income.
In the oil patch, global, upstream oil and gas company Talisman Energy Inc. (TLM.TO) edged up 1 percent despite posting a significantly lower second quarter net income.
Niko Resources (NKO.TO) and Pacific Rubiales Energy (PRE.TO) edged up 0.50 percent each.
Food and beverages company Maple Leaf Foods Inc. (MFI.TO) rose 3 percent after posting improved second-quarter net income.
by RTT Staff Writer
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