Futures tied to the S&P/TSX Composite Index edged lower on Tuesday, weighed down by weakness in mining stocks, even as banks moved into focus with the kickoff of earnings season for the exchange’s largest sector. Bank of Nova Scotia reported first-quarter net income of $2.30 billion, a sharp increase from $993 million a year earlier, with the gain largely reflecting the prior year’s impairment loss of $1.355 billion related to the announced sale of its banking operations in Colombia, Costa Rica, and Panama.
At the same time, oil prices climbed toward seven-month highs, lending support to energy shares. In corporate news, Whitecap Resources beat expectations in results released after the close on Monday, while NexGen Energy is expected to report its fourth-quarter 2025 results soon.
