#BMO News

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Currency Wars: Declining USD Bolsters Prospects for Gold and Silver

watcher.guru A new report published by BMO Capital market analysts has brought forth interesting insights concerning the price of silver and gold. As major market contenders erode the…

Currency risks will drive gold and silver sky-high by year-end

kitco.com While gold and silver prices may continue to consolidate in the near term, the rally in the precious metals sector is only getting started, according to commodity analysts…

BMO, CIBC and Scotiabank chief executives missed bonus targets in rocky 2023

financialpost.com The top executives at three of Canada’s biggest banks took home less than their target pay last year, according to new filings. We apologize, but this video has failed to…

The banks on the front line of the work-from-home battle

financialpost.com As many professional workers have settled into now well established hybrid work patterns, banks and other financial services companies have stood out in recent weeks for the…

FP Dealmakers: Interest rate peak fuels optimism on Bay Street

financialpost.com Peter Miller doesn’t mince words when describing the dealmaking doldrums that Bay Street has slipped into over the past couple of years. But the head of global equity…

Market Braces for Record 5-Year Auction

barrons.com The Treasury is slated to auction a record $67 billion worth of debt maturing in five years this afternoon. The sale is part of the government’s plan to borrow from…

Bitcoin Surges Past $70k as Green Bitcoin ICO Raises $9m

coinpedia.org The post Bitcoin Surges Past $70k as Green Bitcoin ICO Raises $9m appeared first on Coinpedia Fintech News Bitcoin (BTC) is back in rally mode, surging past the $70,000…

Posthaste: Canada's housing market 'recovery' gets a reality check

financialpost.com Hopes for a turnaround after gains in December and January got a dose of reality last week with reports of falling home sales in several major Canadian markets, suggesting…

Uncertainty over Bank of Canada interest rate cut dragging on Big Six, say analysts

financialpost.com Uncertainty over how long interest rates will remain elevated is posing a risk to growth and credit quality at Canada’s big banks, according to analysts who will be keeping…

Opinion: Meet Canada’s most strategic CEO

theglobeandmail.com Folks, I believe I have found the most strategic chief executive officer in Canada’s banking industry. Maybe the most strategic CEO in all of Canada. That man is Dave McKay…

With move to limit temporary residents, Ottawa is ‘attacking the demand curve now’

theglobeandmail.com The federal government’s move to restrict the number of temporary residents in Canada will cool demand in the beleaguered housing sector and help in the battle against…

JPMorgan Chase, Bank of America and Six Financial Giants Pay $70,000,000 Settlement Over Allegations of ‘Widespread Fraud and Collusion’

dailyhodl.com Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank of America, Citigroup, Morgan…

Posthaste: Canadian oil poised for record year on global stage due to Trans Mountain effect

financialpost.com He estimates that an expected jump in output of 300,000 to 500,000 barrels per day (bpd) could vault the sector ahead of the United States. Canada currently produces 4.9…

Canada's job gains double expectations, but unemployment rate ticks higher

financialpost.com The employment rate has now decreased for five months in a row, the longest losing run since 2009. “This downward trend is associated with rapid population growth, which has…

‘We've averted a recession’: What senior bank executives are saying about the economy

financialpost.com Senior executives from Canada’s biggest banks were in New York this week for the RBC Capital Markets Financial Institutions Conference, where they addressed issues ranging…

BMO partners with U.S. private equity giant Carlyle Group on investment fund

theglobeandmail.com Bank of Montreal BMO-T is joining forces with Carlyle Group Inc. CG-Q to launch a fund targeting high net-worth clients, as part of a push to open up markets for…

U.S. Steel, Nippon, and Cleveland-Cliffs need to unite to get a deal done

investing.com For more than a year now, the acquisition of United States Steel Corporation (NYSE: ), the iconic American steel giant, has appeared nothing short of inevitable. With…

Posthaste: Who says cities are dead? These four are driving Canada's economy

financialpost.com Yet despite concerns about “big city cores getting hollowed out,” the reality is they still drive Canada’s economic activity, says a report from Bank of Montreal economists…

Rising loan delinquencies start to pinch at BMO, Scotiabank

financialpost.com Scotiabank’s provisions for credit losses rose to $962 million, more than the $922 million expected by analysts, while BMO’s provisions totalled $627 million, far more than…

BMO misses expectations on weak capital markets, higher loan-loss provisions

financialpost.com Bank of Montreal missed analysts’ estimates as it grappled with weak capital-markets revenue and reported an increase in loan-loss provisions. We apologize, but this video…

Canada's big banks report earnings this week: Here's what analysts are worried about

financialpost.com With most of Canada’s biggest banks exposed to the United States commercial-property market, the deteriorating quality of some real estate loans could lead to nasty…

BMO bankers sent each other crude memes before getting fired, investigation finds

financialpost.com Junior bankers who were recently fired from Bank of Montreal’s metals and mining group used work-sharing platforms to circulate crude jokes and at least one obscene image,…

Canada's Big Five banks pile into hot risk-transfer trade

financialpost.com A little-watched corner of Canada’s credit market is being shaken up by the country’s largest lenders as they pile into securities that shift credit risks to other investors…

TD Bank to pay $16 million to settle insufficient funds class-action lawsuit

financialpost.com TORONTO — The high cost of not having enough money is being brought into focus by a class-action lawsuit at one of the country’s largest banks. We apologize, but this video…

These are the big questions facing Canada's Big Six banks in 2024

financialpost.com Interest rates, capital buffers and expense management are among the leading issues facing Canada’s biggest banks in 2024, but in the view of National Bank of Canada analyst…

Recent turmoil shows Laurentian Bank's history is catching up with it

financialpost.com One bank analyst, the people who make investor recommendations to buy, sell or hold particular bank stocks, said “it’s completely out of nowhere.” We apologize, but this…

Innovative Financial Content Solution Coming to Canadian Investors with Support from BMO

benzinga.com An investment from BMO will introduce innovative financial content and solutions to Canadian investors. TORONTO, March 19, 2024 /CNW/ - StockPick, a modern financial content…

Live updates: Statistics Canada to release its February inflation report today

theglobeandmail.com The latest on inflation in Canada Statistics Canada will publish its February inflation report at 8:30 a.m. ET. Economists predict that the Consumer Price Index likely…

Take GDP surprise with 'grain of salt': What latest numbers mean to the Bank of Canada

financialpost.com Canada’s gross domestic product grew by a stronger-than-expected 0.2 per cent in November and Statistics Canada issued a flash estimate for December growth of 0.3 per cent…

Canada's economy grows more than expected, easing pressure on Bank of Canada to cut rates

financialpost.com Canada’s real gross domestic product grew 0.2 per cent in November and early estimates suggest December growth was even stronger, a sign of economic resilience that some…

BMO Taps Elavon to Add Payment Solutions for Business Clients

pymnts.com Elavon, a global payment processor, has partnered with BMO, North America’s eighth-largest bank, to introduce a payment solutions platform for BMO’s U.S. clients. The…

Posthaste: Canada's GDP numbers not as good as you think, despite recession dodge

financialpost.com Still, digging into the data, economists found plenty of red flags as elevated interest rates continue to throttle the economy. With the final quarter of 2023 in the bag,…

Canada's big banks weathering the storm as credit strain mounts

financialpost.com All but one of the big six beat expectations despite growing loan loss provisions Get the latest from Barbara Shecter straight to your inbox Canada’s largest banks took…

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