28 August 2025, 23:18 Canada: TSX Holds Onto Record Highs.
The S&P/TSX Composite closed marginally higher at 28,435 on Thursday, holding to its record levels as investors take advantage of recent strength, especially in financials following robust earnings from TD Bank and CIBC. TD Bank’s strong headline Q3 print initially powered the rally, but once traders dug into the details, higher noninterest costs, a softer margin outlook and guidance that left growth unclear, the stock reversed and closed 4.5% lower. On the other hand, CIBC did hold on to gains rising 2% after it beat forecasts with a strong capital markets unit, a net income surge and modest provisions helped it post C$2.16 per share versus a C$2.00 estimate. Elsewhere, tech mega-cap Shopify added 0.9% tracking Nvidia’s stronger-than-expected earnings.
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