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.
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($1 = 1.3817 Canadian dollars)