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CANADA STOCKS-TSX futures advance on upbeat bank earnings
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CANADA STOCKS-TSX futures advance on upbeat bank earnings
Feb 26, 2025 4:56 AM

Feb 26 (Reuters) - Futures for Canada's main stock index

rose on Wednesday as robust earnings for National Bank of Canada ( NTIOF )

boosted sentiment, while investors looked ahead to chip giant

Nvidia's ( NVDA ) quarterly results.

March futures on the S&P/TSX index were up 0.34% at

7.25 a.m. ET (1225 GMT).

National Bank of Canada ( NTIOF ) on Wednesday reported a

higher first-quarter profit helped by robust performance in its

wealth management unit.

The earnings come at the heels of Bank of Nova Scotia ( BNS )

and Bank of Montreal's ( BNKD ) results which beat

analysts' expectations for quarterly profit.

Nvidia's ( NVDA ) after-hours results remain in focus as investors

scrutinize AI spending levels, particularly after January's

market jitters triggered by China's DeepSeek announcing low-cost

competition.

Meanwhile, global market sentiment is buoyed as U.S.

President Donald Trump's $4.5 trillion tax-cut and border

security agenda will be sent to the U.S. Senate after passing

the Republican-controlled House of Representatives.

Back home, a Reuters poll found TSX is set to reach a new

record high by the end of 2025, helped by lower borrowing costs,

but an uncertain outlook for global trade could limit gains and

potentially trigger a correction.

The benchmark index gained on Tuesday, with robust bank

earnings offsetting oil price declines.

Among commodities, copper prices were slightly higher in the

day, though there was caution after Trump ordered a probe into

potential new tariffs on copper imports.

Gold prices held steady following a 2% decline in the

previous session.

Oil prices were also flat as a potential

peace deal between Russia and Ukraine continued to weigh on

prices while lower U.S. crude stockpiles provided some support.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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