Bmo

CP

BMO Starts Another Mortgage War

TORONTO - The Bank of Montreal has slashed its five-year fixed mortgage rate to 2.99 per cent in a move that some real estate experts say will soon force the other major banks to follow suit."Usually...
Canadian Press

BMO Q1 Profit Rises

TORONTO - Bank of Montreal (TSX:BMO) saw its profits grow to $1.06 billion in its latest quarter, boosted by improved results across its business and lower provisions for bad loans.BMO chief executive...
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Mortgage Rate War Is Back

UPDATE: Another big Canadian bank has lowered some of its mortgage rates slightly after an initial reduction by the Royal Bank over the weekend. TD Canada Trust (TSX:TD) now has a posted discounted ra...
CP

BMO Fail

TORONTO - BMO Financial Group has added its voice to a chorus of Canadian banks that say controlling costs will be essential to help them weather a period of sluggish consumer lending.The outlook came...
Alamy

U.S. Regulator Raps BMO's Knuckles

TORONTO - The Bank of Montreal (TSX:BMO) and its U.S. subsidiary have agreed to beef up efforts to combat money laundering after American authorities found its operations in Chicago lacking.The Canadi...