US Markets

TSX rises on trade deal hopes; BMO down on profit miss

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index rose at the open on Tuesday, as investors hoped for a resolution to the Sino-U.S. trade war, while the country's fourth-largest lender Bank of Montreal slipped after reporting a quarterly profit below estimates.

Aug 27 (Reuters) - Canada's main stock index rose at the open on Tuesday, as investors hoped for a resolution to the Sino-U.S. trade war, while the country's fourth-largest lender Bank of Montreal slipped after reporting a quarterly profit below estimates.

* At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 41.16 points, or 0.26%, at 16,139.95.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Twitter: https://twitter.com/medhasinghs;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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