CANADA STOCKS-TSX lower as Home Capital, big banks weigh

Fri May 12, 2017 11:05am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX down 9.33 points, or 0.06 percent, to 15,541.22.

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

TORONTO, May 12 (Reuters) - Canada's main stock index slipped on Friday morning after alternative lender Home Capital Group Inc acknowledged uncertainty about its ability to continue as a going concern.

The heavyweight financials group slipped 0.4 percent overall.

Home Capital fell 11.8 percent to C$9.53 after it said in an earnings release late on Thursday that worries about its future funding capabilities had cast "significant doubt" on its ability to continue as a going concern.

At 10:25 a.m. ET (1425 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 9.33 points, or 0.06 percent, to 15,541.22.

With seven of the index's 10 main groups in negative territory, the TSX was heading for a 0.3 percent fall over the week.

Hudson's Bay Co fell 6.5 percent to C$10 after the retailer reported disappointing quarterly same-store sales figures.   Continued...