TSX futures edge up, supported by RBC's robust quarterly results

(Reuters) -Futures tracking Canada's main stock index edged higher on Wednesday as investors assessed strong earnings from top domestic lenders, including Royal Bank of Canada.

Canada's largest bank reported a rise in third-quarter profit on Wednesday, helped by strength in its wealth management business.

National Bank of Canada also posted an increase in third-quarter profit.

Futures on the S&P/TSX index rose 0.16% by 06:39 a.m. ET (1039 GMT). The composite index had risen 0.6% on Tuesday, riding the wave of robust earnings from Bank of Montreal and Bank of Nova Scotia.

The country's third- and fourth-largest banks beat third-quarter earnings estimates, as the lenders indicated the tariff-related risks were less than feared, while maintaining caution. The banks also reported smaller-than-expected loan loss provisions.

Meanwhile, Canada Goose's, controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reported, citing people familiar with the matter.

Oil prices inched lower on Wednesday after falling in the previous session, with investors monitoring developments in the Ukraine war. [O/R]

Gold prices slipped against a firm dollar, but renewed concerns about the autonomy of the U.S. Federal Reserve kept overall declines in check. [GOL/]

U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook over alleged improprieties in obtaining mortgage loans. Cook said she won't resign and that Trump has no authority to fire her.

Global markets also refused to make outsized moves ahead of an earnings report from Nvidia that could dictate Wall Street's tech-driven moves in the near term. The AI bellwether is scheduled to report results after the U.S. market closes.

Quarterly earnings from Canada's Dollarama will also be in focus later in the day.

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($1 = 1.3817 Canadian dollars)

(Reporting by Nikhil Sharma in Bengaluru; Editing by Leroy Leo)