* TSX up 7.53 points, or 0.05 percent, to 15,593.66
* Five of the TSX's 10 main groups were up
* Energy shares down 0.5 percent; financials up 0.3 percent
TORONTO, May 1 (Reuters) - Canada's main stock index was little changed on Monday, as a pipeline company's shares soared on an acquisition announcement, but a major mortgage lender slumped.
Shares of Veresen Inc VSN.TO jumped 19.2 percent to C$18.15 on news that it agreed to be acquired in a $C9.7 billion ($7.10 billion) stock-and-cash deal by its larger rival Pembina Pipeline Corp PPL.TO shares declined 2.2 percent to C$42.56, and the overall energy group retreated 0.5 percent. heavily weighted financials group gained 0.3 percent, with Canada's five biggest banks edging modestly higher.
Shares of Home Capital Group Inc HCG.TO , Canada's biggest non-bank mortgage lender, tumbled 21.4 percent to C$6.32 after the company said its high-interest accounts balance was expected to fall to about C$391 million from C$1.4 billion a week ago. month, regulators accused the company of making "materially misleading statements" to investors. 10:36 a.m. ET (1436 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 7.53 points, or 0.05 percent, to 15,593.66. Five of the index's 10 main groups advanced.
Shaw Communications Inc SJRb.TO stock rose 1.3 percent to C$29.31 following news late on Friday that the Canadian cable company is looking for a buyer for its U.S. data center company, ViaWest. overall consumer discretionary group rose 0.4 percent.
The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.7 percent.
Declining issues outnumbered advancing ones on the TSX by 138 to 102, for a 1.35-to-1 ratio on the downside.