A pedestrian walks past Toronto Stock Exchange signage in Toronto’s Financial District on July 29, 2025. Photo by Peter J. Thompson/National Post

Canada’s stock rally appears likely to get a boost from corporate profits, with Scotiabank predicting that the earnings of the biggest publicly traded companies may have jumped to another record during the third quarter.

The firm’s strategists said the strong quarterly reports from U.S. banks bode well for their Canadian counterparts, which account for 30 per cent of the stocks in S&P/TSX Composite. At the same time, mining companies, which also have a big weighting in the index, are poised to gain from the surge in gold prices.

The significant sway those industries have on the index may allow profits to continue surprising to the upsid

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