Canadian bank earnings beat estimates as markets steady on Nvidia outlook

Global markets steadied Thursday as Nvidia's strong sales forecast boosted technology shares, while geopolitical uncertainty and a high U.S. inflation measure subdued trade elsewhere. Wall Street futures were mixed with the tech-heavy Nasdaq charging higher, while TSX futures were in the red. Canadian investors focused on earnings from Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, with all three beating analysts' estimates. CIBC gained domestic business and kept loan losses in check, while RBC saw stronger performance across capital markets and wealth management, and TD reined in expenses. Oil prices rose after falling earlier as investors weighed prospects for reopening the Strait of Hormuz against broader Middle East supply risks. The Canadian dollar was little changed, and the U.S. 10-year note yield was up at 4.669 per cent.