Bay Street Likely To Open On Mixed Note

(RTTNews) - Canadian shares are likely to turn in a mixed performance in early trades Thursday, with investors reacting to earnings updates from major banks, and digesting U.S. and Canadian economic data. Royal Bank of Canada (RY.TO) reported net income of $4.0 billion for the quarter ended April 30, 2024 , up $270 million or 7% from the prior year. Canadian Imperial Bank of Commerce (CM.TO) reported adjusted net income of $1,718 million for the second quarter, compared to $1,628 million a year ago. Canopy Growth Corporation (WEED.TO) reported fourth-quater net loss of C$92.3 million, or C$1.03 a share, compared to net loss of C$640.1 million, or C$12.83 a share, in the year-ago quarter.