FX.co ★ TSX Futures Near Flat as Investors Assess Bank Earnings

Futures tracking the S&P/TSX Composite Index were little changed on Wednesday as investors weighed earnings from major banks against ongoing developments in the Middle East. Canada’s largest lenders have begun reporting quarterly results, with profits expected to increase despite trade tensions, the US-Iran conflict, and broader economic uncertainty. BMO reported a sharp rise in profit, driven by strong performance in its capital markets division, while Scotiabank posted higher second-quarter earnings, supported by robust trading revenue amid market volatility. NBC is scheduled to release results later in the day, with RBC, TD Bank, and CIBC set to report on Thursday. Elsewhere, oil prices slipped as markets evaluated a fragile US-Iran truce; easing energy-driven inflation concerns pushed bond yields lower, providing some support to bank shares. Gold prices also retreated, weighing on mining stocks. In contrast, Silvercorp reported a jump in fourth-quarter revenue, benefiting from higher silver prices.