TORONTO — Strength in the financials sector helped Canada’s main stock index finish higher on Wednesday as the big banks continue to report results, while U.S. stock markets also rose.
TORONTO — Strength in the financials sector helped Canada’s main stock index finish higher on Wednesday as the big banks continue to report results, while U.S. stock markets also rose.
“The dominant impact on the Canadian markets anyway is the banks reporting their third-quarter results this week,” said Brian Madden, chief investment officer at First Avenue Investment Counsel.
RBC and National Bank reported earnings on Wednesday.
“Mixed bag there, Royal is trading much higher after a very good quarter on pretty much every metric that you can measure. And National is trading down three or four per cent after missing street earnings estimates with some weakness in their personal and commercial business and their capital markets…
