CANADA STOCKS-TSX slips as financial fall offsets some commodity stock gains

Fri Mar 17, 2017 11:21am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX down 16.38 points, or 0.11 percent, to 15,546.03

* Seven of the TSX's 10 main groups fall

TORONTO, March 17 (Reuters) - Canada's main stock index turned negative in midmorning trading on Friday as losses among financial and consumer shares outweighed gains for some gold miners and other natural resource companies from an uptick in commodity prices.

The heavyweight financials group slipped 0.3 percent as bond yields fell, with insurance companies a particular weight. Manulife Financial Corp was down 0.9 percent at C$24.28, and Great-West Lifeco Inc lost 0.8 percent to C$37.43.

At 10:45 a.m. EDT (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 16.38 points, or 0.11 percent, at 15,546.03.

Seven of the index's 10 main groups were in positive territory, with advancers outnumbering decliners 1.4 to 1.

The TSX is on track for a 0.3 percent gain on the week.

The most influential gainers on the index included Suncor Energy Inc. The country's biggest oil and gas producer edged up 0.5 percent to C$41.18.   Continued...