Royal Bank of Canada Leads Toronto Stocks Higher Amid Q3 Beat

Toronto stocks gained 0.3% as the communications sector and energy led the charge. Royal Bank of Canada's shares jumped 6.1% after beating Q3 earnings expectations and reducing credit provisions. National Bank of Canada announced a share repurchase program despite logging a rise in profit in the latest quarter. Dollarama shares fell 3.2% despite beating expectations in the fiscal second quarter.