financetom
World
financetom
/
World
/
CANADA STOCKS-TSX futures muted; lenders TD Bank and CIBC post upbeat results
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX futures muted; lenders TD Bank and CIBC post upbeat results
Aug 28, 2025 4:37 AM

Aug 28 (Reuters) - Futures tied to Canada's main stock

index were subdued on Thursday, while TD Bank and CIBC became

the latest domestic lenders to report a rise in third-quarter

profit.

Futures on the S&P/TSX index fell 0.05% by 06:59

a.m. ET (1007 GMT) following the composite index's

record close on Wednesday, led by blockbuster earnings from

Canada's largest bank, Royal Bank of Canada ( RY ).

TD Bank's bottomline was helped by lower cash

reserves for bad loans, while Canadian Imperial Bank of Commerce ( CM )

benefited from robust performance in its capital markets

division.

Earlier this week, the country's fourth- and fifth-biggest

lenders, Bank of Montreal ( BNKD ) and Bank of Nova Scotia ( BNS )

, also posted upbeat quarterly earnings and set aside

smaller-than-expected sums of money to cover potential loan

losses as trade-related risks between Canada and the United

States eased.

In the U.S., AI bellwether Nvidia's ( NVDA ) revenue

forecast fell short of heightened investor expectations, sending

its shares down 1.9% in premarket trading.

In commodities, crude prices fell amid lower U.S. fuel

demand expectations as the summer travel season ended. The

resumption of Russian supply to Hungary and Slovakia via the

Druzhba pipeline also weighed.

Gold held firm near a more than two-week peak due to a soft

dollar and growing U.S. rate cut bets. Copper prices also

gained.

U.S. weekly jobless claims and the second estimate of

quarterly gross domestic product are due 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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dow, S&P 500 Close at Record Highs as Traders Parse Macro Data
Dow, S&P 500 Close at Record Highs as Traders Parse Macro Data
Mar 28, 2024
04:46 PM EDT, 03/28/2024 (MT Newswires) -- The Dow Jones Industrial Average and the S&P 500 closed at all-time high levels Thursday, as investors assessed a surprise upward revision to fourth-quarter economic growth, along with other macro data. The Dow and the S&P 500 rose 0.1% each to 39,807.4 and 5,254.4, respectively. The Nasdaq Composite fell 0.1% to 16,379.5. Energy...
Japan's Nikkei rebounds, yen stable
Japan's Nikkei rebounds, yen stable
Mar 28, 2024
TOKYO, March 29 (Reuters) - Japan's Nikkei share average rose on Friday, rebounding from sharp losses in the previous session, as market players cheered a weaker yen as the currency steadied after hitting a three decade-low. The Nikkei had risen 0.74% to 40,466.82 by the midday break and is set to post a 1% loss this week. The broader Topix...
GRAPHIC-Markets in Q1: the wild ride towards rate cuts
GRAPHIC-Markets in Q1: the wild ride towards rate cuts
Mar 28, 2024
LONDON, March 28 (Reuters) - Global bond and equity markets are ending the first quarter on a high note, with investors poised for more wild swings ahead after months of the mood lurching between optimism and pessimism about prospective rate cuts from major central banks. MSCI's global share index, which smashed through record highs in March, is up 10% since...
Japan's Nikkei posts biggest point gain on record for fiscal year
Japan's Nikkei posts biggest point gain on record for fiscal year
Mar 28, 2024
TOKYO, March 29 (Reuters) - Japan's Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points. The index hit successive record highs this quarter, after breaking levels on Feb. 22 that were last seen in 1989 during the nation's bubble economy. The rally was supported by better corporate...
Copyright 2023-2025 - www.financetom.com All Rights Reserved