TSX Shows Strength to Start Wednesday
Markets in Toronto opened higher on Wednesday, aided by energy and health-care shares, while investors remained cautious ahead of minutes from the U.S. Federal Reserve''s May meeting. The SP|TSX gained 83.7 points to kick off the mid-week session at 20,369.90 The Canadian dollar moved backward 0.13 cents to 77.85 cents U.S. Bank of Nova Scotia beat analysts'' estimates for quarterly profit on Wednesday, helped by continued declines in loan-loss provisions and higher revenues from its Canadian banking and international business. Scotiabank shares galloped $2.56, or 3.2%, to $83.93. Bank of Montreal beat analysts'' estimates for quarterly profit on Wednesday, on higher interest income and lower credit-loss provisions offsetting rising expenses and lower wealth management and capital markets earnings. Shares in “The First Canadian Bank” moved gingerly forward, five cents, to $133.10. JP Morgan raised the target price on Enbridge to $62.00 from $61.00. Enbridge shares acquired 27 cents to $57.83.
TSX Shows Strength to Start Wednesday
Markets in Toronto opened higher on Wednesday, aided by energy and health-care shares, while investors remained cautious ahead of minutes from the U.S. Federal Reserve''s May meeting. The SP|TSX gained 83.7 points to kick off the mid-week session at 20,369.90 The Canadian dollar moved backward 0.13 cents to 77.85 cents U.S. Bank of Nova Scotia beat analysts'' estimates for quarterly profit on Wednesday, helped by continued declines in loan-loss provisions and higher revenues from its Canadian banking and international business. Scotiabank shares galloped $2.56, or 3.2%, to $83.93. Bank of Montreal beat analysts'' estimates for quarterly profit on Wednesday, on higher interest income and lower credit-loss provisions offsetting rising expenses and lower wealth management and capital markets earnings. Shares in “The First Canadian Bank” moved gingerly forward, five cents, to $133.10. JP Morgan raised the target price on Enbridge to $62.00 from $61.00. Enbridge shares acquired 27 cents to $57.83.