Stocks in Toronto Dip as Consumer Durables, Energy, and Utilities Weigh on Indexes

In midday trading on Monday, stocks in Toronto experienced a mild decrease as consumer durables, energy, and utilities stocks put pressure on the indexes. However, the technology and health tech sectors showed some gains.

At midday, Canada's S&P/TSX Composite Index was down 0.20% at 20222.30, while the blue-chip S&P/TSX 60 dipped 0.25% to 1214.53.

ProMIS Neurosciences Shares Surge After Positive Preclinical Data on Alzheimer's Treatment

ProMIS Neurosciences saw its shares more than double to 8.23 Canadian dollars ($6.23) after revealing additional positive preclinical data that supports the potential therapeutic benefits of its lead candidate in treating Alzheimer's disease.

Other Notable Market Movements

• Parex Resources witnessed a 6.3% decrease in shares, trading at C$27.16, as the company announced the abandonment of one of its wells in a Colombian project due to confirmation of no economic hydrocarbons at the site.
• Lion Electric, a Toronto-listed company, experienced a jump in shares during early trading after securing approximately $142 million in combined financing. Its shares were up 9.7% at C$3.05.