Toronto Stocks Down Slightly; Pembina Pipeline Shares Fall as CEO Steps Down

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By Adriano Marchese

Canadian stocks were slightly in the red mid-trading Monday. In the session, losses in health, consumer durables and process industries stocks balanced gains in the energy and producer manufacturing industries. Bucking the trend, shares in Pembina Pipeline Corp. fell after the company said its chief executive, Mick Dilger, was stepping down.

At midday, Canada’s S&P/TSX Composite Index was down 0.15% at 21525.27 and the blue-chip S&P/TSX 60 was down 0.07% at 1299.41.

Pembina Pipeline Corp. stocks fell 1.5% to C$41.00 after it said it named current Chief Financial Officer Scott Burrows interim president and chief executive while it looks for a replacement for Mr. Dilger.

Other market movers:

Shares in Heroux-Devtek Inc. fell 1.3% to C$18.25 on news that it intends to repurchase and cancel 14.6 million Canadian dollars worth of its shares, the equivalent of US$11.6 million.

Write to Adriano Marchese at

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