Bay Street stocks moved up at open Friday amid buying in commodities, with the S&P/TSX Composite Index adding 32.26 points or 0.27 percent to 12,178.11.
The Global Gold Index rose over 1 percent. Global gold miner Agnico-Eagle Mines (AEM.TO) gained over 7 percent after reporting a higher first-quarter net income. Detour Gold (DGC.TO) and Allied Nevada Gold (ANV.TO) moved up over 2 percent each.
Among base-metals stocks, Inmet Mining (IMN.TO) rose close to 3 percent, while First Quantum Minerals (FM.TO) was adding nearly 2 percent.
Iamgold (IMG.TO) eased 0.20 percent after announcing that it would acquire Trelawney Mining and Exploration Inc. (TRR.V), junior mining and exploration company, for $3.30 cash for each share. Shares of Trelawney soared over 40 percent.
In the oil patch, Pacific Rubiales Energy (PRE.TO) gathered nearly 2 percent.
Meanwhile Petrominerales (PMG.TO) shed 10 percent. IMAX Corp. (IMX.TO) shed over 2 percent even after it swung to profit in first quarter 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.