CANADA STOCKS-TSX slips as financials weigh; BlackBerry stock jumps

Fri Mar 31, 2017 10:47am EDT
 
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* TSX down 19.42 points, or 0.12 percent, to 15,559.34

* Six of the TSX's 10 main groups were down

TORONTO, March 31 (Reuters) - Canada's main stock index fell modestly in morning trading on Friday, weighed by financial and railway companies, though better-than-expected results from BlackBerry offset some of the losses.

The most influential movers on the index included Royal Bank of Canada, which fell 0.5 percent to C$97.43, and Bank of Nova Scotia, which declined 0.7 percent to C$78.12. Bank of Montreal slipped 0.4 percent to C$99.47.

CIBC, which fell nearly 3 percent on Thursday after it raised its offer for PrivateBancorp Inc, recouped some of the previous session's losses, rising 0.6 percent to C$114.41.

The overall financials group slipped 0.4 percent.

At 10:27 a.m ET (1427 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 19.42 points, or 0.12 percent, to 15,559.34.

Of the index's 10 main groups, six fell.

BlackBerry Ltd, which said it expects to be profitable on an adjusted basis in 2018 and nearly halved its operating costs, was one of the bright spots in the market. Shares surged 14.9 percent to C$10.65.   Continued...