Bay Street stocks dived at open Wednesday amid widespread selling, with the S&P/TSX Composite Index losing 168.44 points or 1.45 percent to 11,440.86.
The Diversified Materials Index lost over 2 percent, with Teck Resources (TCK_B.TO), First Quantum Minerals (FM.TO) and Inmet Mining (IMN.TO) shedding around 2 percent each.
In the oil patch, MEG Energy (MEG.TO), Baytex Energy Corp. (BTE.TO) and Suncor Energy (SU.TO) were down around 2 percent each.
Smartphone maker Research In Motion (RIM.TO) dived close to 9 percent after it warned of a first quarter operating loss.
Among gold plays, Seabridge Gold (SEA.TO) lost close to 5 percent, while Agnico-Eagle Mines (AEM.TO) was slipping 3 percent.
Women clothing stores operator Reitmans Canada Ltd. (RET.TO) wad down 2 percent after reporting first-quarter net loss.
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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.