Toronto Stocks Slip, Aegis Brands Rises on C$3.5 Million Bridgehead Coffee Asset Sale

By Adriano Marchese

Stocks in Toronto started the week on the back foot, sliding lower.

Most sectors were retreating in Monday's session, with outsized declines in the energy and consumer durables sectors. Consumer discretionary and commercial services stocks were the main gainers.

Canada's S&P/TSX Composite Index fell by 0.27% to 21068.66 and the blue-chip S&P/TSX 60 was down by 0.24% to 1269.81.

Shares of Aegis Brands rose 4.4% higher to 24 Canadian cents (18 cents) after it said it agreed to sell the roasting, wholesale and coffeehouse business assets of subsidiary Bridgehead (2000) for C$3.5 million to focus on its St. Louis Bar and Grill brand.

Other market movers:

InPlay Oil said it expects to grow oil volumes roughly 7% this year despite a cut in planned capital spending. Shares fell by 2.2% to C$2.27.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

01-29-24 1221ET