TSX Edges Lower Despite Oil Boom -- Canadian Commentary

(RTTNews) - Canadian stocks edged lower Thursday despite surging oil prices.

The TSX Composite Index was down 51.36 points to 16,179.89 amid lingering concerns about rising interest rates and global trade tensions. The Canadian government will reportedly offer aid to steel and aluminum makers hurt by punitive U.S. tariffs.

WTI light sweet oil was up 90 cents to $73.64 a barrel, the highest since last November.

Minnesota has approved the Enbridge (ENB.TO) line 3 replacement but the route is still to be determined.

DHX (DHX.TO) is extending its strategic review beyond the intended target date..

Cineplex is partnering with Uber Eats to deliver home popcorn (?).

Shaw Communications (SJR.TO) posted a quarterly loss due to cable losses.

A Commerce Department report showed weaker than previously estimated U.S. economic growth in the first quarter.

The report said real gross domestic product increased by 2.0 percent in the first quarter compared to the previous estimate of 2.2 percent growth. Economists had expected the pace of GDP growth to be unrevised.