Shares of National Bank of Canada NA inched 0.33% higher to C$120.41 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.06% to 25,393.45.

(Reuters) -National Bank of Canada on Wednesday set aside larger than expected reserves for bad loans, signaling challenges ahead even as strong income from dealmaking helped deliver a profit beat. Shares of Montreal-based National Bank, Canada's sixth largest bank, were down 3.7% at C$122.8 in Toronto.

The news for Canadian bank stock National Bank of Canada (TSE:NA) turned out to be a winner on several fronts. But despite improvements in both