Canadian stocks fell for a second straight session on Friday as commodity-linked sectors saw mild weakness.
The S&P/TSX Composite Index fell 20.97 points or 0.18% to finish at 11,579.33. The market had climbed in four sessions in a row.
Energy stocks fell 0.7%. Nexen (NXY.TO) and Canadian Oil Sands (COS.UN.TO) dropped 2.1% and Imperial Oil (IMO.TO) dropped 1.8%.
In corporate news, shareholders of Terra Industries voted three nominees of CF Industries Holdings into the company's board, giving the latter a better-hand in the takeover battle involving Agrium (AGU.TO). Shares of Agrium rose 0.6%.
Softchoice Corp. (SO.TO) dropped 5.6% after the company said it has entered into a bought deal agreement to sell 2.25 million common shares at C$7.75 per share for gross proceeds of about C$17 million.
Sun Life Financial (SLF.TO) President Jon Boscia told Bloomberg the company needs to make an acquisition in the U.S. The stock is up 0.9%.
MacDonald, Dettwiler and Associates Ltd. (MDA.TO) announced that it has signed a contract worth more than C$200 million with the Russian Radio Research and Development Institute to provide two advanced technology solutions for the Express AM5 and Express AM6 satellites. MDA stock finished up 0.25%.
On Monday, Canadian retail sales data for September is due at 8:30 a.m. ET. A rise of 0.1% is forecast, compared to an 0.8% jump in August.
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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.