BMO Sees Profit Drop

BMO Sees Profit Drop

CP  05.27.2015
TORONTO - Bank of Montreal says profits dropped seven per cent in its second quarter, as it logged a $106-million charge for restructuring...
Report: First-Time Home Buyers Turning To 'Bank Of Mom And Dad'

Report: First-Time Home Buyers Turning To 'Bank Of Mom And Dad'

CP  04.23.2015
TORONTO - A Bank of Montreal report suggests first-time home buyers are increasingly turning to the "Bank of Mom and Dad."BMO's 2015 Home...
Loonie ‘Undervalued' But ‘Worst Days Are Over': BMO

Loonie ‘Undervalued' But ‘Worst Days Are Over': BMO

Daniel Tencer  04.21.2015
Same-day trips to the U.S. from Canada have plunged 28 per cent in the past two years, a sign that the loonie is undervalued, the Bank...
For First Time Since Financial Crisis, U.S. Beats Canada On Jobs

For First Time Since Financial Crisis, U.S. Beats Canada On Jobs

Daniel Tencer  04.14.2015
It’s pretty much official: Canada's seven-year reign as a better place to find work than the U.S. is over. Canada’s unemployment...
What Harper Giveth, The Provinces Taketh Away

What Harper Giveth, The Provinces Taketh Away

Daniel Tencer  03.30.2015
Prime Minister Stephen Harper is undoubtedly hoping that this year’s round of tax cuts and expanded family benefits will make Canadians...
BMO Chief Sees Big Pay Hike Despite Missing 3 Of 4 Performance Targets

BMO Chief Sees Big Pay Hike Despite Missing 3 Of 4 Performance Targets

03.20.2015
The chief executive of Bank of Montreal got a half-million-dollar raise last year, despite the bank missing three of four performance targets,...
Half Of Canada's Housing Markets Now ‘Very Weak': BMO

Half Of Canada's Housing Markets Now ‘Very Weak': BMO

Daniel Tencer  03.17.2015
Even as the Bank of Montreal lowers mortgage rates in what has become a traditional springtime mortgage rate war, the bank’s research...
BMO Sends Rock-Bottom Mortgage Rate Even Lower

BMO Sends Rock-Bottom Mortgage Rate Even Lower

CP  03.17.2015
TORONTO -- The Bank of Montreal is lowering one of its mortgage rates by about 6.7 per cent, effective immediately. The change affects...
This Chart May Be The Best News In Ages About Canada's Economy

This Chart May Be The Best News In Ages About Canada's Economy

Daniel Tencer  03. 4.2015
For years, economists have been saying that if Canada wants sustainable growth, it has to stop relying on consumers taking on more debt...

BMO Profit Sinks As Consumers Pull Back On Borrowing

CP  02.24.2015
TORONTO - Bank of Montreal saw its first-quarter profit shrink from a year ago, amid a challenging interest rate environment and signs...
Now We Find Out What The Oil Price Collapse Is Doing To Canada's Banks

Now We Find Out What The Oil Price Collapse Is Doing To Canada's Banks

CP  02.22.2015
TORONTO - Canada's top lenders are expected to report a decline in their investment banking profits when they release their first quarter...
Look At The Massive Spike In Energy Industry Layoffs

Look At The Massive Spike In Energy Industry Layoffs

Daniel Tencer  02.10.2015
Announced layoffs in the U.S. energy industry have hit a record high of more than 20,000, according to a new analysis from the Bank of...
Suddenly, Canadian Banks Don't Look All That Safe

Suddenly, Canadian Banks Don't Look All That Safe

CP  01.30.2015
TORONTO - Barclays has downgraded the stocks of three of Canada's biggest banks, citing concerns about the country's economic growth.Analyst...
Percentage Of Canadians With A Job Hits 13-Year Low

Percentage Of Canadians With A Job Hits 13-Year Low

Sunny Freeman  01. 9.2015
The number of Canadians who have a job or are actively looking for work has reached a 13-year low. Canada’s labour participation rate...