Canadian Stocks Slide as Energy and Consumer Durables Sectors Decline

Stocks in Toronto started the week on a negative note, with most sectors retreating in Monday’s session. The energy and consumer durables sectors experienced outsized declines, while consumer discretionary and commercial services stocks were the only gainers.

Key Market Figures

• Canada’s S&P/TSX Composite Index fell by 0.27% to 21068.66
• The blue-chip S&P/TSX 60 was down by 0.24% to 1269.81

Aegis Brands Sells Bridgehead Business Assets to Focus on St. Louis Bar and Grill

Aegis Brands saw a 4.4% increase in its shares, rising to 24 Canadian cents (18 cents) after announcing the sale of the roasting, wholesale, and coffeehouse business assets of its subsidiary, Bridgehead (2000). The sale, worth C$3.5 million, will allow Aegis Brands to focus on its St. Louis Bar and Grill brand.

Other Market News

InPlay Oil remains optimistic, expecting a 7% growth in oil volumes this year despite a cut in planned capital spending. However, this news did not prevent a 2.2% decrease in the company’s shares, which fell to C$2.27.

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