Shares of banks and other financial institutions rose after strong earnings from Canadian banks.
Bank of Nova Scotia posted quarterly earnings growth, bolstered by expansion in its global wealth management unit.
Bank of Montreal plans to launch a share buyback program after logging improved results from its operations in the latest quarters, despite being slugged by a charge from the sale of assets.
Securities regulators are investigating the trading of Situational Awareness, Leopold Aschenbrenner's AI-focused hedge fund that suffered billions of dollars in losses last month before selling the bulk of its portfolio.
Write to Rob Curran at rob.curran@dowjones.com
