Toronto Stocks Slip, DRI Healthcare Shares Fall on Ex-CEO Investigation, New Appointments

By Adriano Marchese

Toronto-listed stocks were slightly lower.

The biggest losses Monday were in the materials sector, followed by energy and transportation. These offset gains primarily in health tech, tech and consumer durables.

Canada's S&P/TSX Composite Index was down 0.3% to 22003.60 and the blue-chip S&P/TSX 60 fell by 0.3% to 1312.00.

Shares in DRI Healthcare Trust fell by 28% to 10.98 Canadian dollars ($8.05) after it said it appointed a new interim head of the company and of the managing company of the trust. The appointments were made amid an investigation into its former chief executive about potential expense irregularities.

Other market movers:

Canada Nickel said it will create a new private company with select properties from its portfolio and Noble Mineral Exploration in Canada. Shares in Canada Nickel were down 2.4% to C$1.20.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 08, 2024 12:36 ET (16:36 GMT)

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