The Canadian market is likely to open on a positive note on Wednesday, tracking fairly strong quarterly earnings updates from major banks. Concerns about Middle East tensions may weigh a bit and render the mood cautious.
BMO Financial Group (BMO.TO) reported a net income of C$2.49 billion for the second-quarter, compared to C$1.82 billion in the year-ago quarter. Earnings per share were C$3.53 versus C$2.50 last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.