CANADA STOCKS-TSX slips as Home Capital slumps; energy stocks gain

Wed Apr 26, 2017 10:58am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX down 9.51 points, or 0.06 percent, at 15,735.68

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

TORONTO, April 26 (Reuters) - Canada's main stock index slipped on Wednesday, weighed by a plunge in shares of Home Capital Group Inc after the mortgage lender agreed to a major credit line, while energy stocks moved higher as oil prices reversed losses.

Home Capital fell 58.7 percent to C$7.06 after the alternative lender said it would secure a C$2 billion ($1.5 billion) credit line to shore up its shrinking balance sheet.

Other influential decliners included Burger King and Tim Horton parent Restaurant Brands International, which fell 4.5 percent to C$75.82 despite reporting profit and revenue that beat expectations.

The energy group climbed 0.6 percent, as U.S. oil prices pushed higher following a bigger-than-expected drawn on the country's crude inventories.

At 10:45 a.m. ET (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 9.51 points, or 0.06 percent, at 15,735.68. Six of its 10 main groups were in positive territory.

Teck Resources Ltd advanced 3 percent to C$29.71 after it said it will double its dividend payout.   Continued...