Bakery Business: Canada Bread

Canada Bread: The S P/TSX composite index rose 36.67 points to 13,172.76, led by gains in the mining sector, according to The Star. Maple Leaf Foods TSX:MFI is planning to sell its bakery business, which includes a 90 per cent interest in Canada Bread TSX:CBY , maker of Dempsters and other brands. Based on recent stock market values, Canada Bread had a value of about $1.6 billion prior to the announcement Monday. Maple Leaf shares jumped $1.26 or 9.47 per cent to $14.56 while Canada Break shares surged $6.09 or 9.94 per cent to $67.34 and The Toronto stock market was higher Monday, building on last weeks strong gains while crude oil moved below $100 U.S. for the first time since early July. The market also found support from big gains in the consumer sector. (www.immigrantscanada.com). As reported in the news.