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CANADA STOCKS-TSX futures muted; lenders TD Bank and CIBC post upbeat results
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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)

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