UPDATED: Bank of Canada hikes key interest rate
The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation,
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BMO
Annual inflation rate hits 30-year high, raising pressure on Bank of Canada
Statistics Canada reported Wednesday that the annual pace of inflation climbed in December to 4.8 per cent, a pace that hasn’t been seen since September
Scotiabank, BMO hit ‘high water mark’ as they set aside more cash for bad loans
Results offer first peek at how the last few months have transformed bank budgets, which have been under pressure since the pandemic began and financial
BMO, RBC Q2 profit down as provisions for credit losses soar
RBC and BMO both missed analyst’s profit expectations, but National and Scotiabank beat what was forecast for them.
Bank economists share optimism for 2020, despite international uncertainty
Canada’s top bank economists predict the country will see a few bright spots in 2020, even as the globe grapples with uncertainty in the Middle
Bank CEOs expecting muted economic growth, subdued spring housing market
The chief executives of Canada’s biggest banks say they expect muted economic growth, a slower spring housing market and have concerns about the country’s future
Gatineau pot firm Hexo takes on $65M loan facility to finance expansions
Hexo is entering a $65-million credit loan facility with two major Canadian banks, giving the local pot producer extra green to finance its expansions at
BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data
Two of Canada’s biggest banks warned Monday that “fraudsters” may have accessed certain personal and financial information of up to 90,000 customers. The Bank of
Updated: Bank of Montreal Q4 profit slips due to hurricanes, raises dividend
Bank of Montreal raised its quarterly dividend as it reported its fourth-quarter profit slipped compared with a year ago, hurt by reinsurance claims related to
BMO chief executive downplays housing risk, says market ‘essentially heals itself’
The Bank of Montreal’s CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market “essentially
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