Canadian shares are likely to turn in a mixed performance in early trades Thursday, with investors reacting to earnings updates from major banks, and digesting U.S. and Canadian economic data.
Royal Bank of Canada (RY.TO) reported net income of $4.0 billion for the quarter ended April 30, 2024 , up $270 million or 7% from the prior year.
Canadian Imperial Bank of Commerce (CM.TO) reported adjusted net income of $1,718 million for the second quarter, compared to $1,628 million a year ago.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.