National PostToronto-Dominion Bank and Canadian Imperial Bank of Commerce both reported earnings ahead of expectations on Thursday.
The wildfires in Fort McMurray slammed Canada's private sector in the second quarter, pummelling insurers' profits and deepening losses in the oil patch.
Following a weeklong firestorm over its EpiPen price hikes—crescendoing Wednesday with rebukes from Hillary Clinton and the White House—Mylan myl offered an olive branch on Thursday in the form of a coupon.
Canada's main stock index fell on Wednesday as lower metal and oil prices weighed on resource stocks, offsetting gains for financials after Royal Bank of Canada reported better-than-expected earnings.
Pierre Ouellet, the former chief of staff to ex-cabinet minister Jacques Daoust, was told his failure to notify the premier's office about the brewing sale of $140 million worth of Rona shares was "inconceivable.