CANADA STOCKS-TSX slips as financials drop offsets resource gains

Fri Aug 12, 2016 10:42am EDT
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* TSX falls 27.21 points, or 0.18 percent, to 14,768.85

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

TORONTO Aug 12 (Reuters) - Canada's main stock index slipped on Friday as losses among financial stocks offset gains for resource companies and utilities.

Gold miners once again moved in the opposite direction of the broader index, while energy companies also gained as oil prices edged higher.

At 10:12 a.m. EDT (1412 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 27.21 points, or 0.18 percent, to 14,768.85.

It is on track for a 0.8 percent gain for the week, after ending last week at a one-year high.

The most influential movers on the index included Brookfield Asset Management, which fell 2.6 percent to C$44.64 after reporting its quarterly earnings.

The financials group slipped 0.6 percent.

Sun Life Financial will continue to pursue acquisitions through the remainder of 2016, potentially expanding further in Asia, the insurer's chief executive said on Thursday.   Continued...