tradingkey.logo
tradingkey.logo
Search

CANADA STOCKS-TSX futures edge up, supported by RBC's robust quarterly results

ReutersAug 27, 2025 10:47 AM
facebooktwitterlinkedin

- Futures tracking Canada's main stock index edged higher on Wednesday as investors assessed strong earnings from top domestic lenders, including Royal Bank of Canada RY.TO.

Canada's largest bank reported a rise in third-quarter profit on Wednesday, helped by strength in its wealth management business.

National Bank of Canada NA.TO also posted an increase in third-quarter profit.

Futures on the S&P/TSX index .SXFcv1 rose 0.16% by 06:39 a.m. ET (1039 GMT). The composite index .GSPTSE had risen 0.6% on Tuesday, riding the wave of robust earnings from Bank of Montreal BMO.TO and Bank of Nova Scotia BNS.TO.

The country's third- and fourth-largest banks beat third-quarter earnings estimates, as the lenders indicated the tariff-related risks were less than feared, while maintaining caution. The banks also reported smaller-than-expected loan loss provisions.

Meanwhile, Canada Goose's GOOS.TO, GOOS.N controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reported, citing people familiar with the matter.

Oil prices inched lower on Wednesday after falling in the previous session, with investors monitoring developments in the Ukraine war. O/R

Gold prices slipped against a firm dollar, but renewed concerns about the autonomy of the U.S. Federal Reserve kept overall declines in check. GOL/

U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook over alleged improprieties in obtaining mortgage loans. Cook said she won't resign and that Trump has no authority to fire her.

Global markets also refused to make outsized moves ahead of an earnings report from Nvidia NVDA.O that could dictate Wall Street's tech-driven moves in the near term. The AI bellwether is scheduled to report results after the U.S. market closes.

Quarterly earnings from Canada's Dollarama DOL.TO will also be in focus later in the day.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA


($1 = 1.3817 Canadian dollars)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Tradingkey
KeyAI