Canadian shares may open on a weak note Tuesday as lower earnings from Bank of Montreal and Bank of Nova Scotia and weak crude oil prices weigh on sentiment. Bank of Montreal reported third-quarter adjusted net income of $1,981 million, down from $2,148 million a year ago, while Bank of Nova Scotia posted adjusted net income of $2,191 million, down from $2,207 million. West Texas Intermediate crude oil futures fell 0.52% to $77.01 a barrel. The S&P/TSX Composite Index rose 0.3% to a record closing high of 23,348.97 on Monday.
Bank of MontrealBank of Montreal reported lower Q3 adjusted net income ($1,981M vs $2,148M a year ago).
Bank of Nova ScotiaBank of Nova Scotia posted lower Q3 adjusted net income ($2,191M vs $2,207M a year ago).