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BEFORE THE BELL: Scotia Bank Announces Higher Dividends For Shareholders; Futures Are Positive

Wendy Gray
By Wendy Gray

Two more big banks are in with quarterly earnings this morning.  The Bank of Montreal is reporting higher than forecast earnings by about $0.10 a share.  Scotia Bank came in $0.09 cents below forecast but has announced an increase in dividend payments to shareholders of $0.85 cents, up $0.03.

It looks like it could be another good day on the markets with Dow futures up 50 points and the S&P 500 up 5.

The TSX had a positive start to the week up 88 points to 16,444.

Oil is up $0.15 cents this morning to $69.02 a barrel.  Gold continues to climb, up $4.20 to $1,220.20 an ounce.  The Canadian dollar also up a tenth of a cent to $0.7726 cents U.S.

Wendy Gray
Wendy Gray

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