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Bank of Montreal News

News on Bank of Montreal (Ticker: BMO) continually updated from thousands of sources around the net.

Saturday | St. Petersburg Times

Calgary mayor says snowfall cleanup could take weeks

Farmers were assessing the damage to their crops while the cleanup of fallen trees and downed power lines was continuing through the weekend. The heavy, wet snow brought down trees and limbs that were still full of leaves and unable to hold the additional weight.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Home Buying, North America, Canada, World News

Fri Sep 12, 2014

MacLeans

Just how indebted are Canadian households?

The Globe and Mail' s Jeffrey Jones and Jeff Lewis write that declining demand and the ensuing dip in oil prices may reduce the growth prospects for Canadian oil companies, which make up a substantial portion of the TSX: The price weakness is remarkable in that it comes in the midst of heightened tensions in hot spots such as Iraq, Libya and Ukraine. It shows how fears of supply disruptions are having a shrinking influence on markets as production in countries outside OPEC, including Canada, surges and demand growth shrinks.

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Related Topix: World News, OPEC (Organization of the Petroleum Exporting Countries), Banking, Financial Services, Home, Mortgage, Personal Finance

Sys-Con Media

Canadians Take Nearly $8,000 Out of Emergency Savings for Non-Essentials: BMO Report

Part two of the annual BMO Rainy Day Survey, conducted by Pollara, revealed that women are more likely than men to dip into their fund for a non-emergency, but men dip in deeper: -- Seven-in-ten women dipped into their fund for a non- emergency, compared to 61 per cent of men -- Men have taken an average of $10,351 for a non-emergency, while women have taken $5,920 -- Women's top three non-emergency expenses included vacations, home renovations and large gifts -- Men's top three included vacations, electronics, and home renovations "While it's promising to see that Canadians consider their rainy-day savings to be primarily reserved for emergencies, their willingness to dip into their fund for an indulgence could be a threat to their financial security," said Christine Canning, Head of Everyday Banking, BMO Bank of Montreal.

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Related Topix: Financial Services, Banking

Thu Sep 11, 2014

The Globe and Mail

Canadian dollar sinks amid 'amazing race to the bottom' for world currencies

Loonie sinks The Canadian dollar is tumbling this morning amid what Bank of Montreal calls an "amazing race to the bottom" among the world's major currencies. This morning's losses are linked to the latest inflation numbers from China and developments in the oil market, although, as BMO notes, there has been a general shift down for many currencies against the U.S. dollar.

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Related Topix: Financial Markets, Financial Services, Banking

Wed Sep 10, 2014

The Washington Post

RBS, Lloyds London Move - Irreversible' After Scot Vote Turmoil

Bank of Montreal is now based 300 miles away in Toronto after bolting amid the rise of Quebec separatism. Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc may make the same decision to leave Edinburgh, no matter how Scotland votes next week.

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Related Topix: Europe, World News, United Kingdom, Lloyds TSB Group, Financial Services, Banking, Business News

Weyburn Review

Most actively traded companies on the TSX

B2Gold Corp. . Miner. Down six cents, or 2.47 per cent, to $2.37 on 4.6 million shares.

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Related Topix: Energy, Oil & Gas, TransCanada, Natural Gas, Suncor Energy, EnCana, Banking, Financial Services, Home, Mortgage, Personal Finance

Seeking Alpha

Look At The Bank Of Montreal For Capital Gains And Yield

If you are looking to get exposure to this economic recovery that seems to be gaining steam, then I suggest you take a look at the Bank of Montreal. Bank of Montreal is the second largest Canadian bank by retail branches in Canada and the U.S. It has total assets of $587 billion and has 47,000 employees.

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Related Topix: Financial Services, Banking, Financial Markets, Housing

Globe and Mail

Home price surge in Calgary, Toronto, Vancouver 'can't go on forever'

BMO sees slower gains Bank of Montreal expects "more subdued price gains" in the Calgary, Toronto and Vancouver housing markets next year, and questions how long they can continue to eclipse the rise in incomes. Apple debuted 3 collections of the Apple Watch, along with new iphones, the 6 and the larger 6 plus, as well as Apple Pay.

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Related Topix: Housing, Banking, Financial Services, North America, Canada, World News,

Brandon Sun

BMO offers five-year, fixed mortgage rate of 2.99 per cent - again

The Bank of Montreal has slashed its five-year, fixed mortgage rate to 2.99 per cent, a level that had previously raised concerns about it leading to an overheated housing market. "This rate change is driven by the fact that bond yields have fallen and we are in what is another busy season for buying a home," said BMO spokesman Paul Gammal on Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Home Buying

Canada.com

Bank of Montreal lowers five-year fixed mortgage to 2.99%

Bank of Montreal is lowering the rate on its five-year fixed rate closed mortgage to 2.99%, a move that in the past has triggered a rate war among its competitors. BMO quietly started promoting the new rate on its website Tuesday.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services

Castanet.net

TSX to open little changed, traders ponder Fed rate moves, Scottish independence

The Toronto stock market looked to open little changed Wednesday as a dearth of economic and corporate news left traders free to focus on two major events next week. Traders are wondering if the U.S. Federal Reserve will adopt a more hawkish stance at the end of its scheduled meeting next Wednesday on interest rates and also looking at a Scottish referendum on independence that is shaping up to be a more of a close run than expected.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

Tue Sep 09, 2014

Bloomberg

Bank of Montreal's U.S. Bet Starting to Pay Off

Bank of Montreal 's wager on U.S. banking is proving profitable amid rising commercial lending, three years after doubling down on the Midwest with its biggest acquisition in the Canadian company's 196-year history. The Toronto-based lender posted some of its best earnings this year since entering the country in 1984 with the purchase of Chicago-based Harris Bank, while beating regional rivals in loan growth.

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Related Topix: US Bancorp, Banking, Financial Services, Marshall and Ilsley, North Carolina

Mon Sep 08, 2014

Sys-Con Media

REPEAT/Media Advisory: BMO Capital Markets Hosts 15th Annual Media and Telecom Conference

Media are invited to listen to a live webcast of the conference, which will begin at 8:50 a.m. EDT and will bring together many of Canada's largest media and telecom players as they weigh the future direction of the industry in advance of important regulatory hearings in the autumn months in Ottawa. The BMO Media and Telecom Conference is one of the industry's first major post-Labour Day events.

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Related Topix: Financial Services, Banking

GlobalNews

More Canadians report less "rainy day" savings in the bank

For more than a quarter of Canadians, the amount of cash on hand would drop to zero in a month or sooner should they be hit with a job loss or other financial shock, according to an annual survey from Bank of Montreal. Twenty seven per cent say they have a financial cushion that would last a month or less, which represents a 27 per cent increase from the same survey in 2012.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

Seeking Alpha

My Money Is Moving To Canada

In 2013 Warren Buffett told Bloomberg TV that "The bank will not get this country in trouble, I guarantee it our banking system is in the best shape in recent memory." I would stress his words "recent memory."

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Related Topix: Warren Buffett, Banking, Financial Services, Bank of Nova Scotia The

Sys-Con Media

Media Advisory: BMO's Cam Fowler to Speak at CIBC World Markets Eastern Institutional Conference

Mr. Fowler's presentation will be broadcast live via webcast at www.bmo.com/investorrelations . The webcast will be archived for 30 days.

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Related Topix: Financial Services, Banking

Fri Sep 05, 2014

The Chronicle Herald

The big investment

In 2013, the Bank of Montreal went on record stating that almost 50 per cent of Canadians would be moving in the next five years. Officially, I've joined that half of the population.

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Related Topix: Financial Services, Banking

Bloomberg

Canada Stocks Fall, Extending Weekly Retreat After Jobs Report

Canadian stocks fell, heading for the first weekly decline in four weeks, after a report showed the nation unexpectedly lost jobs led by a record loss in private-sector employment. Royal Bank of Canada and Bank of Montreal each slipped more than 0.6 percent to pace declines among financial stocks.

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Related Topix: Financial Markets, Banking, Financial Services

Thu Sep 04, 2014

Business Wire

Fitch to Upgrade L-T & S-T Ratings on Ncpa Ca's Hydro Proj Rfdg Revs Ser. 2008A&B

10, 2014, Fitch Ratings will upgrade the long-term rating to 'AA+' from 'AA' and the short-term rating to 'F1+' from 'F1' assigned to the Northern California Power Agency's Hydroelectric Project Number One revenue bonds consisting of $85,160,000 2008 refunding series A and $3,165,000 2008 taxable refunding series B . The Rating Outlook is Stable for the long-term rating.

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Related Topix: 9, Financial Services, Banking

Wed Sep 03, 2014

Bloomberg

Canada Said to Be Near Pact for Lower Credit-Card Fees

Canadian Finance Minister Joe Oliver is pressing credit-card companies and banks to accept lower transaction fees paid by retailers, which the government claims are among the highest in the world, according to two people familiar with the talks. The government, which flagged the issue in its 2014 budget, wants MasterCard Inc. and Visa Inc. to voluntarily curb fees by about 10 percent, said one person, speaking on condition they not be identified because the talks aren't public.

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Related Topix: MasterCard, Financial Services, Visa Inc., Banking, Canada, Visa

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