FX.co ★ TSX Futures Rise as Bank Earnings Roll In

On Wednesday, futures associated with the S&P/TSX Composite Index saw an uptick as investors evaluated earnings from key banking institutions. The Royal Bank of Canada reported an increase in its fourth-quarter profit, bolstered by robust performance in its capital markets division. Similarly, the National Bank of Canada experienced a profit rise, attributed to strong results in its wealth management segment. Additional reports from the Bank of Montreal, CIBC, and TD Bank are anticipated later this week. In parallel, oil prices moved upward, providing support to Canadian producers, and gold saw a slight increase, benefiting local mining companies.