Bay Street Yawns At Crude Oil Rally -- Canadian Commentary

(RTTNews) - Canadian stocks inched lower Tuesday, as falling health care and tech shares offset gains in the energy sector.

On a day where crude oil prices surged back toward $45 a barrel, Bay Street was still jittery about corporate earnings and the health of the global economy.

Meanwhile, the Trump Administration added new duties on imports from Canada, as the U.S. Commerce Department alleges that Canadian lumber was 7.72 to 4.59 percent below normal prices due to dumping by Ottawa.

The TSX Composite Index slipped 34.80 points to 15,281.22, with health care stocks dropping more than 2 percent.

In corporate news, Canopy Growth (WEED.TO) revenue nearly tripled in the fourth quarter, but the marijuana company still posted a quarterly loss. Shares fell 5.7 percent.

Corus Entertainment Inc. (CRJb.TO) reported a $66.7-million profit in its third quarter. Shares rose 3 percent.

Liberty Gold Inc. (LGD.TO) said the U.S. Bureau of Land Management approved plans for the Goldstrike Oxide Gold Project in Utah. Shares rose 1.3 percent.

Toronto Star has given up on its Star Touch tablet app. TorStar will also lay off 30 staff members.