CANADA STOCKS-TSX flat as SNC-Lavalin gains, miners weigh

Fri Apr 21, 2017 11:02am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details of specific stocks, updates prices)

* TSX down 0.86 points, or 0.01 percent, at 15,624.70

* Index on track for a 0.5 percent gain on the week

* Seven of the TSX's 10 main groups move higher

TORONTO, April 21 (Reuters) - Canada's main stock index was nearly unchanged on Friday as SNC-Lavalin rose on an acquisition move and Home Capital Group recouped steep losses, while some miners and energy stocks weighed.

SNC-Lavalin Group Inc gained 2.1 percent to C$54.17 after the engineering and construction company said on Thursday it would move ahead with a planned purchase of Britain's WS Atkins Plc for C$3.6 billion ($2.67 billion).

Another influential gainer was Home Capital Group Inc , which jumped 14.9 percent to C$20.35 after the company announced preliminary earnings figures and released a message from its chairman.

The stock recovered from sharp losses on Thursday, the day after the company acknowledged a securities regulator's hearing into its disclosure practices.

The broader financials group was flat. Canada's annual inflation rate cooled more than expected in March, underscoring expectations that any interest rate hike would be a long way off.   Continued...