CANADA STOCKS-TSX may open higher on Bank of Montreal results

Wed May 26, 2010 8:44am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 26 (Reuters) - Toronto's main stock index is expected to open higher on Wednesday after Bank of Montreal, Canada's fourth-largest bank, said profit doubled and as commodity prices rose.

Wall Street is also poised for a higher open, a day after markets clawed back from a steep sell-off and as U.S. Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis. [.N]

European equities bounced back from nine-month lows in the previous session, with financials and miners among the top gainers.

Asian stocks rallied from nine-month lows.

Here is some news that could affect stock prices:


Bank of Montreal BMO.TO said on Wednesday profit doubled in the second quarter as wealth management and capital markets surged and the bank set aside less money to cover bad loans. [ID:nN25146871]


Oil rose by almost 3 percent on Wednesday to climb back above $70 a barrel after a U.S. industry report showed a steep drop in gasoline stockpiles in the world's largest energy consumer. [O/R]   Continued...