Bank of Montreal News

The time is right for Stephen Poloz to drop the Bank of Canada 's bias toward raising interest rates when he takes over as governor next month, according to Bank of Montreal's Doug Porter .

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Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian home owners plan to buy a property in the next five years, although intentions vary sharply from city to city, a poll released Wednesday has found.

Doug Porter , chief economist at the Bank of Montreal, said the Canadian dollar is overvalued by 5 percent to 10 percent given levels of commodity prices.

Bank of Montreal , Canada 's fourth-largest lender by assets, hired David Jacobson , the U.S. ambassador to Canada, as a vice chairman.

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Streetwise gives you the full scoop on business deals and Canada's finance and capital market sectors.

A former investment-banking analyst at a unit of Bank of Montreal agreed to pay a total of 1.2 million Canadian dollars among other penalties to settle insider-trading charges, as Canada's biggest securities regulators continue to clamp down on inappropriate trading activity.

Streetwise gives you the full scoop on business deals and Canada's finance and capital market sectors.

The U.S. Federal Reserve Board said it told Bank of Montreal to step up efforts at the Canadian bank's Chicago branch to detect and prevent money laundering.

A Calgary police officer shot one man outside the Bank of Montreal in Crowfoot shopping area after the vehicle he was in hit two elderly pedestrians.

Modular data center technology company IO announced on Tuesday it has closed a new $260 million, multi-year credit facility led by Wells Fargo.

Shares of Bank of Montreal opened at 61.39 on Tuesday. Bank of Montreal has a one year low of $50.95 and a one year high of $64.79. The stock's 50-day moving average is currently $62.05. The company has a market cap of $40.027 billion and a P/E ratio of 9.96. Bank of Montreal last issued its quarterly earnings data on Tuesday, February 26th.

In the wake of the zero interest rate policy environment in which we live, the thirst for yield means some dividend stocks have been bid up to ridiculous levels.

The study found that 97% of women either own or co-own responsibility for day-to-day household budgeting and spending decisions, while 84% are either the primary or co-primary decision makers as it relates to long term financial planning- including savings, investing and retirement planning.

BMO Bank of Montreal has made some changes to its Nova Scotia management structure with the creation of north and south districts.

Equity markets had an excellent run last week as all three benchmark indexes posted gains.

"It can be easy to lose track of financial priorities during holidays, such as Mother's Day, so it's essential that all spending is planned and accounted for in the overall household budget," said Nick Mastromarco, Director, BMO Bank of Montreal.

Team BMO members Debbie Cawte, Evelyn Campos, Laurie Perepolkin, Susan Tait, Tara Fofonow and Sandra McIntosh were busy at the 4th Annual BMO Garage Sale on Saturday, May 11 in Castlegar.

Depending on who among the reputable sources you listen to, the loonie could be headed to parity and beyond, or poised for a mighty fall of about 10 cents.