India, May 27 -- Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
Weak crude oil and metal prices may weigh on energy and materials stocks and limit market's upside.
In earnings news, Bank of Nova Scotia (BNS.TO) reported second-quarter net income of $2.03 billion, compared to $2.09 billion during the same period a year ago. The bank's adjusted net income was $2.07 billion, compared to $2.10 billion a year ago.
On the economic front, data from Statistics Canada showed wholesale Sales in Canada decreased to -0.9% in April from 0.2% in March of 2025.
The Canadian ma...