Canadian equity futures hold steady as trade tensions, bank earnings dominate

Canadian equity futures were little changed on Wednesday as investors weighed ongoing US-Canada trade tensions, fresh retaliatory tariffs and a series of major-bank earnings reports. Canada announced tariffs on about $20 billion worth of annual US imports, matching Washington’s latest duties on autos, furniture, plastics, plywood and electrical equipment. National Bank reported higher third-quarter profit, helped by strong performance in wealth management, while BMO and Scotiabank delivered stronger-than-expected quarterly results on Tuesday. RBC, TD Bank and CIBC are scheduled to report on Thursday. Gold prices declined, weighing on mining stocks, while oil fell after renewed talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen. A reopening could ease inflation concerns but would put further pressure on energy shares.

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