Bay Street stocks dived at open Thursday amid selling across a variety of sectors, even as gold stocks move higher. The S&P/TSX Composite Index lost 133.09 points or 1.04 percent to 12,619.43.
The Diversified Materials Index was down nearly 4 percent, with First Quantum Minerals (FM.TO) losing just over 5 percent and Teck Resources (TCK_B.TO) shedding close to 4 percent.
In the oil patch, Tourmaline Oil (TOU.TO) and Suncor Energy (SU.TO) lost around 3 percent each.
TD Bank Group (TD, TD.TO) shed close to 1 percent even after reporting improved second-quarter net income of C$1.72 billion compared to C$1.69 billion in the prior year.
Meanwhile, gold stocks were moving higher amid a rebound in bullion prices. Royal Gold (RGL.TO), Goldcorp. (G.TO), Barrick Gold (ABX.TO) and Eldorado Gold (ELD.TO) were up around 2 percent each.
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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.