TSX Rises Amid Banking Earnings

2025-12-04 14:42 By Felipe Alarcon 1 min. read

The S&P/TSX Composite Index rose about 0.3% to above the 31,200 level on Thursday as stronger quarterly results from major Canadian lenders signalled a healthy banking sector and a resilient economy.

TD Bank rose nearly 1% after beating estimates and raising its dividend, while CIBC gained more than 1.5% on higher fourth quarter profit driven by capital markets.

BMO fell over 2% despite beating profit and revenue estimates as investors parsed mixed strength across banks.

The big six have outperformed the TSX this year as they pivot toward fee based, higher margin businesses amid stalled loan growth in personal and commercial banking.

Investor sentiment has been buoyed by bets on a US interest rate cut next week.

Gold eased as equity strength reduced safe haven demand and oil rose after fresh Ukrainian strikes on Russian energy infrastructure.

Separately, the US is threatening to abandon CUSMA and may seek separate deals with Canada and Mexico, adding a political risk backdrop.



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