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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