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BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 3.20 Per Cent Canada NewsWire TORONTO , April 13, 2022 /CNW/ - BMO Bank of Montreal today announced that it is increasing its CDN$ prime lending rate from 2.70 per cent to 3.20 per cent, e...
Ongoing geopolitical tensions and skyrocketing inflation have wreaked havoc on the global market. For investors in bank stocks , this has provided the backdrop for, shall we say, an interesting setup. On the one hand, economic activity could be hit hard in this environment. Loa...
Growth stocks are typically found in the tech sector , but other industries also have growth stories. Air Canada Air Canada (TSX:AC) took a beating during the worst of the pandemic. The company cut staff by more than 50% and reduced capacity by 90%, as domestic and g...
Finding the right mix of investments for your portfolio is something that takes time and a lot of patience. Fortunately, there are some stellar options to add to your portfolio on the market today. One such option is Bank of Montreal (TSX:BMO) (NYSE:BMO) , which is a superb ...
The Fed is doing the best it can to combat inflation without triggering an economic downturn that could induce a stock market crash. Indeed, the Fed has smart people running the show. But Chairman Jay Powell has an incredibly difficult task on his hands, as he hits the “rate-hike...
With higher energy prices, strong demand, and rising interest rates, dividends of energy and banking stocks appear attractive. Let’s look at a few dividend-paying companies in the energy and banking space that can be easily relied upon to generate worry-free income in 2022 and be...
The war in Ukraine continues to dominate market movements. I am not selling anything and predominantly focus on adding dividend income via select purchases. The combination of soaring inflation and geopolitical uncertainty has rattled markets but despite some dramatic movements, s...
Macroeconomic and geopolitical concerns, including inflation, rising interest rates, and the Russia/Ukraine conflict, continue to hurt the stock market in 2022. Meanwhile, the pandemic in the background adds uncertainty. Despite the uncertainty and increase in the number of headwinds, t...
Canada’s Big Six banks had their sights on expanding since the end of Q2 fiscal 2021 (quarter ended April 30, 2021). The elite group raised their provision for credit losses (PCLs) to enormous levels in anticipation of a pandemic-induced financial crisis. Because they didn’...
BMO Blue Book: Canadian economy proves resilient amidst continued challenges Canada NewsWire The BMO Blue Book combines expertise of BMO's economists with information on business conditions from its bankers This edition emphasizes the impacts of high inflation and ...
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BMO Decreases CDN$ Prime Lending Rate to 6.70 Per Cent Canada NewsWire TORONTO , July 24, 2024 /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 6.95 per cent to 6.70 per cent, effective July 25, 2024 . ...
BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for July 2024 Canada NewsWire TORONTO , July 23, 2024 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutua...
BMO to Redeem Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 (Non-Viability Contingent Capital (NVCC)) Canada NewsWire TORONTO , July 22, 2024 /CNW/ - Bank of Montreal (the "Bank") (TSX:BMO)(NYSE:BMO) today announced its intention to red...