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HomeBusiness ReportBEFORE THE BELL: Aecon shares likely to be on trader radars; TD...

BEFORE THE BELL: Aecon shares likely to be on trader radars; TD and RBC Q2 reports higher than expected

Auto trade could be top of mind for investors today.

Experts say a US national security probe into auto imports could allow President Trump to tack on a 25 per cent trade tariff on autos from other countries if the investigation finds the US economy has taken a hit from past vehicle trade.

Meanwhile, traders will be watching Aecon shares at the open today after Ottawa blocked a Chinese takeover of the Canadian construction company.

More big bank earnings are coming in and topping estimates this morning. TD reported a share increase to 1-62 with $1.8 billion in Canadian retail operations during its Q2. RBC reported a three billion dollar quarter. Scotiabank, BMO and National Bank will all release their Q2 reports next week.

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Oil is slipping again as world producers plan for higher production to offset expected crude cuts from Venezuela and Iran. The price of US crude is down to 71.10 a barrel.

The Loonie, tied to the energy sector, is down to 77.72 cents US.

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