On Wednesday, the S&P 500 was down 0.1% while Toronto was up 0.4%.
It seems my comments of yesterday that the banks could suffer due to low interest rates and bad loans related to oil prices and the weaker economy may have been misplaced. Royal Bank reported strong results which pushed up the Canadian Financials.
Canadian Western Bank was up 4.8%.
TD Bank as well as CIBC report earnings on Thursday and will likely be a driver of market direction.