Canadian Pacific Railway CP.TO: Scotiabank raises target price to C$108 from C$96 Bank of Montreal BMO.TO: RBC raises target price to C$141 from C$125 COMMODITIES AT 7:00 a.m. Royal Bank of Canada RY.TO beat analysts' estimates for quarterly profit, driven by strength in its capital markets and wealth management units, and as it released some reserves set aside to cover loan losses. Canada's trailblazing central bank is likely to cut its bond-buying program again this year, possibly as soon as July, as provinces ease curbs to contain the COVID-19 pandemic and inflation pressures build, analysts said.