The Daily Chase: Awaiting Canadian Bank earnings; Oil under pressure
BNN Bloomberg
After energy stocks propelled the S&P/TSX Composite Index to a higher close yesterday, the group’s gains could be at risk today as the air comes out of the oil trade this morning.
GEARING UP FOR BANK EARNINGS
To say it’s a murky outlook for the banks fiscal third-quarter reporting season might be an understatement. Between credit worries as central banks raise rates, investment banking activity that – as one analyst put it – has “ground to a halt,” and two big U.S. takeovers still pending regulatory approvals, analysts generally seem to have low expectations for this batch of results. That said, the banks have often defied the skeptics. Check out Michelle Zadikian’s preview at BNNBloomberg.ca, and we’ll set the scene on air at 10:30 a.m. ET when John Aiken from Barclays Capital joins us.
NO QUICK CANADIAN FIX FOR EUROPE’S ENERGY CRISIS
