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

Fri May 12, 2017 4:56pm EDT
 
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(Adds comment from equity analyst, updates prices to close)

* TSX ends down 12.67 points, or 0.08 percent, at 15,537.88

* Six of the TSX's 10 main groups finish lower

* Index down 0.3 percent over the week

By Alastair Sharp

TORONTO, May 12 (Reuters) - Canada's main stock index closed marginally lower on Friday, weighed by alternative lender Home Capital Group Inc after it acknowledged uncertainty about its ability to continue as a going concern, while natural resource stocks lent support.

The broader financials group slipped 0.5 percent overall as a fall in U.S. bond yields after weaker-than-expected inflation data also weighed.

"Any time you have the U.S. 10-year making a big move like that, six beeps in the wrong direction for financials, that creates a little space," said Ian Scott, an equity analyst at Manulife Asset Management.

Home Capital fell 15.5 percent to C$9.14 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.   Continued...