CANADA STOCKS-TSX slips on U.S. trade worries; Home Capital slumps

Wed Apr 26, 2017 4:34pm EDT
 
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(New throughout, updates prices and market activity, adds portfolio manager comment, details on White House draft order on NAFTA and BCE)

* TSX closes down 95.65 points, or 0.61 percent, at 15,649.54

* Five of the TSX's 10 main groups end higher

* Home Capital falls nearly 65 percent to C$5.99

By Fergal Smith

TORONTO, April 26 (Reuters) - Canada's main stock index pulled back on Wednesday from a 2-month high the day before, pressured by a plunge in the shares of Home Capital Group Inc and investor worries about Canada's trade relationship with the United States.

The White House is considering a draft executive order to withdraw the United States from the North American Free Trade Agreement, a trade pact with Canada and Mexico, a senior Trump administration official said.

"I think they're (investors) being a little cautious about Mr Trump and maybe what he is going to do to Canada," said John Kinsey, portfolio manager at Caldwell Securities.

U.S. President Donald Trump has recently ramped up criticism of Canada, saying last week that Ottawa's protection of its dairy industry was "unfair." This week he ordered 20 percent tariffs on imports of Canadian softwood lumber.   Continued...