CANADA STOCKS-TSX dips as Pembina, resources, and Home Capital weigh

Mon May 1, 2017 5:17pm EDT
 
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* TSX down 11.13 points, or 0.07 percent, to 15,575

* Four of the TSX's 10 main groups fall

* Pembina stock falls 3.3 percent to C$42.05; Veresen up 19 percent to C$18.13

* Home Capital Group falls 13.4 percent to C$6.96

By Solarina Ho

TORONTO, May 1 (Reuters) - Canada's main stock index dipped marginally on Monday, pulled lower in part by acquisition news from Pembina Pipeline Corp and broad declines among mining companies.

News of Pembina's C$9.7 billion stock-and-cash deal for Veresen Inc sent shares down 3.3 percent to C$42.05, while smaller rival, Veresen rose 19.0 percent to C$18.13.

The overall energy group retreated 0.2 percent.

The heavily weighted financials group failed to make headway and remained little changed, as modest gains by Canada's five biggest banks were offset by another tumble in Home Capital Group Inc, Canada's biggest non-bank mortgage lender.   Continued...