What’s going on here?
The Toronto Stock Exchange reached a new peak on May 26, 2025, closing up 193.18 points at 26,073.13, as strong sector gains overshadowed the hit from lower commodity prices.
What does this mean?
TD Bank’s stellar earnings report has boosted confidence in the potential performance of Canadian banks, raising anticipations for Bank of Nova Scotia’s upcoming report. Gains in sectors like Battery Metals, Information Technology, and Industrials supported the index, while declining gold prices pressured Base Metals. Meanwhile, ATS Corporation surged 20% after resolving payment issues with an EV client. Eyes are on Bank of Nova Scotia, with FactSet predicting Q2 EPS at $1.55 and National Bank forecasting higher, including a potential dividend hike. BNS’s resilience in international banking and strategic provisions during COVID position it well, although its capital market gains may trail peers due to lower trading Read more…
