Strong Bank Results Being Downplayed -- Canadian Commentary

(RTTNews) - Canadian stocks may struggle to rebound Thursday despite another round of strong earnings reports from the nation's largest banks.

CIBC (CM.TO) profit surged 47% in the third quarter, boosted by retail banking, while TD Bank (TD.TO) earnings soared on U.S. retail growth.

Still, sluggish commodity prices and the prospect of a U.S. interest rate hike have investors in a jittery mood this week.

Stocks fell sharply yesterday despite upbeat earnings from RBC and BMO banks.

Crude oil for October was down 22 cents at $46.55 a barrel, after plunging nearly 3 percent in the previous session.

Gold has tumbled near $1330. Canada's Gold Index plunged 7% yesterday.

In corporate news, Goldcorp (G.TO) is under scrutiny in Mexico over its handling of a mine leak.

BlackBerry (BB.TO) has prevailed in a shareholder lawsuit that charged it with fraudulently inflating its stock price.