The S&P/TSX Composite Index closed at a record 36,958 on Tuesday, extending its advance to a third straight session. Bank of Nova Scotia shares jumped 7% after the lender reported an 18% year-over-year rise in adjusted net income for the July quarter. Energy and gold stocks were also active. At Wednesday’s open, falling oil and gold prices could weigh on the index as investors watch results from National Bank of Canada and EQB, along with U.S. inflation and GDP data.

India’s average retail sugar price rose for a second straight day, reaching Rs 65.05 per kg on August 26 amid stronger festive demand. Retail prices remain elevated even after ex-mill rates fell nearly 20% following the government’s decision to allow imports of 10 lakh tonnes of raw sugar and steps to curb speculation and hoarding. The average retail price is 34% above Rs 48.68 per kg a month ago and 41% higher than Rs 46.27 per kg a year earlier, according to the Department of Consumer Affairs’ Price Monitoring Division. Food Secretary Sanjeev Chopra said ex-mill prices had declined 18% to Rs 55 per kg.

Qualcomm shares have fallen about 38% from their year-to-date high, while the company reported fiscal third-quarter revenue down 4% year over year to $9.9 billion and a 20% drop in handset revenue. The company now expects non-handset QCT revenue to exceed $40 billion by fiscal 2029, nearly doubling its previous $22 billion goal, with automotive and IoT contributing more than $24 billion and data centers over $15 billion. Management also projects data center revenue of about $5 billion in fiscal 2027. Analyst sentiment has improved in recent months.

UK-based Prudential plans to sell up to 98.85 lakh shares, or 2% of ICICI Prudential AMC, via the open market on Aug. 27. If fully completed, promoter and promoter group ownership will fall to 85.60% from 87.60%. ICICI Bank, the other promoter, said it will not buy shares of the asset manager from the open market on Aug. 27. The stock fell 1.90% on Wednesday to close at Rs 3,223.60.

J.M. Smucker reported fiscal 2025 first-quarter net income of $324.3 million, or $3.03 per share, with adjusted earnings of $3.24 per share. The adjusted result exceeded analysts’ expectations of $2.21 per share, according to Zacks Investment Research. Revenue was $2.22 billion, above the $2.11 billion forecast. The company said it expects full-year earnings of $10.50 to $11 per share.

3M India reported FY26 revenue of ₹5,089.8 crore, up 14.5% year on year, and net profit of ₹522.3 crore, a 9.7% increase. Pretax profit (after exceptional items) rose 15.6%. All four business segments posted double-digit growth, led by Healthcare at 17.5%. The board recommended a dividend of ₹506 per equity share, which the new chairman and managing director addressed at the annual general meeting.

WTI crude oil fell 3.12% to a named October 2026 NYMEX settlement of $82.36 per barrel on Aug 25, 2026, as traders viewed new U.S. sanctions and Iran-related talks as less threatening to near-term supply. Read the daily analysis of WTI Crude Oil's geopolitical-risk outlook, momentum risk and key technical levels.

Brent crude oil (BRENT) fell 3.89% to $88.58 per barrel on Aug 25 as traders judged expanded US sanctions on Iran less threatening to immediate supply. Read the daily analysis of Brent crude oil's sanctions-driven outlook, momentum risk and key technical levels.