Bay Street stocks dipped at open Tuesday as euphoria over the Federal Reserve's stimulus pack waned, with the S&P/TSX Composite Index shedding 55.09 points or 0.44 percent to 12,391.77.
The Diversified Materials Index lost over 1 percent, with Teck Resources (TCK_B.TO) losing 2 percent. Inmet Mining (IMN.TO) and First Quantum Minerals (FM.TO) were down nearly 1 percent each.
Coal miner SouthGobi Resources (SGQ.TO) announced Ross Tromans as its chief executive officer and president with immediate effect. The stock dived about 8 percent.
In the oil patch, Crescent Point Energy (CPG.TO), Cenovus Energy (CVE.TO) and Baytex Energy Corp. (BTE.TO) were down around 1 percent each.
Among gold plays, Agnico-Eagle Mines (AEM.TO) and Barrick Gold (ABX.TO) shed close to 1 percent each.
Bombardier Transportation (BBD_A.TO, BBD_B.TO) shed 0.50 percent after it said it signed $367 million contracts with Talgo SA.
For comments and feedback contact: editorial@rttnews.com
Business News
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.