Toronto stocks opened higher Wednesday amid buying across a variety of sectors, with the S&P/TSX Composite Index adding 58.14 points or 0.48 percent to 12,278.59.
The Diversified Materials Index rose over 1 percent, with Inmet Mining (IMN.TO), Teck Resources (TCK_B.TO) and First Quantum Minerals (FM.TO) adding around 1 percent each.
In the oil patch, Vermilion Energy (VET.TO) and Lundin Petroleum (LUP.TO) were up over 1 percent each.
Gold stocks were trading firm amid a surge in bullion prices. Allied Nevada Gold (ANV.TO), Detour Gold (DGC.TO), Agnico-Eagle Mines (AEM.TO) and Goldcorp. (G.TO) moved up over 1 percent each.
Dollarama Inc. (DOL.TO) gained close to 1 percent after reporting a much improved second quarter net income.
Funeral services provider Arbor Memorial Services Inc. (ABO_A.TO, ABO_B.TO) soared 45 percent after announcing that it would be acquired by shareholders group for $32.00 per share in cash, representing over 45 percent premium to its latest closing price.
Meanwhile, Niko Resources (NKO.TO) dived 18 percent after providing offshore drilling update.
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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.