Canadian stocks are poised for a positive start on Wednesday, tracking firm commodity prices and strong corporate earnings. Shopify reported second-quarter net income of $1,502 million, up from $906 million a year earlier, and expects third-quarter revenue to grow at a low-thirties percentage rate. iA Financial Corporation's net income rose 20 percent to C$384 million, while RB Global posted net income of $132 million, up from $99.5 million. The S&P/TSX Composite Index closed Tuesday at 35,801.59, a gain of 575.45 points or 1.63 percent. West Texas Intermediate crude oil futures are up 0.32 percent at $76.03 a barrel, and gold futures are up 2.81 percent at $4,269.10 an ounce.
Shopify IncShopify reported net income of $1,502 million, up from $906 million, and expects strong revenue growth.
RB Global Inc.RB Global reported net income of $132 million, up from $99.5 million, indicating strong earnings.
