TSX Flat As Pembina, Home Capital Weigh -- Canadian Commentary

(RTTNews) - Canadian stocks inched lower Monday, with Bay Street in a cautious mood throughout the session as crude oil prices tumbled.

The Toronto Stock Exchange's S&P/TSX composite index fell 10.5 points, or 0.07 percent, to 15,575.63.

WTI oil was down 49 cents, or 1%, to settle at $48.84/bbl, the lowest in more than a month.

Pembina Pipeline Corp. (PPL.TO, PBA) announced it is offering to acquire all shares of Veresen Inc. (VSN.TO). The deal is valued at approximately C$9.7 billion.

Pembina shares fell 3.3 percent.

Home Capital (HCG.TO) continued to collapse, losing another 13 percent.

Home Capital's Home Trust division expects to receive an initial draw today of $1 billion from its $2 billion credit line provided by a facility led by the Healthcare of Ontario Pension Plan.