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BEFORE THE BELL: TD Bank Earnings Above Forecast; Wall Street Futures Point to Soft Opening

It may not be another record setting day on Wall Street as the S&P 500 and Nasdaq futures are pointing to a soft opening.  Dow futures are also down 60 points.

Here in Canada the TSX finished yesterday with a gain of 35 points to 16,390.

TD Bank has reported its quarterly earnings this morning.  The bank posted earnings of $.03 more than forecast but that may not trickle down to shareholders as there has been announcement whether the bank will increase dividends.

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The Canadian dollar is flat ahead of GDP numbers from Stats Canada on the 2nd quarter trading at $0.7739 cents U.S.  Oil is up to $69.93 a barrel.  Gold is making some gains this morning recovering some earlier losses and now sitting at $1,210 an ounce.

Coming up today we’ll see earnings reports from retailers including Dollar Tree and Abercrombie and Fitch.

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