I have no reason to think this Canadian band is gay, but it's in my collection for one reason only: the 1980 LP includes the infectious track "He Only Goes Out With Boys." And while they certainly do not look the part on what is, I think, their only release, their name is a nod to the Teddy Boys subculture of 1950's & 1960's UK. Those 60's Teddy Boys were all about dressing up and slicking their hair back, per the photo below.
Per the liner notes the LP's music was from a stage musical,
but google doesn't seem to know much about them.