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.
by RTT Staff Writer
For comments and feedback: email@example.com