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CANADA STOCKS-TSX futures edge up, supported by RBC's robust quarterly results
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CANADA STOCKS-TSX futures edge up, supported by RBC's robust quarterly results
Aug 27, 2025 4:13 AM

Aug 27 (Reuters) - 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 ).

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 ( NTIOF ) also posted an increase in

third-quarter profit.

Futures on the S&P/TSX index rose 0.16% by 06:39

a.m. ET (1039 GMT). The composite index had risen 0.6%

on Tuesday, riding the wave of robust earnings from Bank of

Montreal ( BNKD ) and Bank of Nova Scotia ( BNS ).

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, 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.

Gold prices slipped against a firm dollar, but renewed

concerns about the autonomy of the U.S. Federal Reserve kept

overall declines in check.

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 ) 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 ( DLMAF ) will

also be in focus later in the day.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.3817 Canadian dollars)

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