Toronto stocks edged down at open Wednesday amid marginal selling across a variety of sectors, with the S&P/TSX Composite Index shedding 30.10 points or 0.25 percent to 12,086.82.
Among base-metals stocks, Teck Resources (TCK_B.TO) slipped over 1 percent, while First Quantum Minerals (FM.TO) was adding nearly 1 percent.
In the oil patch, Suncor Energy (SU.TO) and Cenovus Energy (CVE.TO) were down around 1 percent each. On the other hand, Baytex Energy Corp. (BTE.TO) and Nexen Inc. (NXY.TO) moved up nearly 1 percent each.
Telecommunications company Telus Corp. (T.TO) said that it is putting a new proposal to exchange its non-voting shares into common shares on a one-for-one basis to a democratic vote of all its shareholders. The stock shed 0.50 percent.
Meanwhile, gold stocks were trading firm amid flat bullion prices. Allied Nevada Gold (ANV.TO), Detour Gold (DGC.TO) and Seabridge Gold (SEA.TO) moved up around 2 percent each.
by RTT Staff Writer
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