Tag Archives: BMO

Descrease article font size Increase article font size Canada’s Bank of Nova Scotia on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while Bank of Montreal (BMO) fell short of expectations due to bigger loan-loss provisions. A string of rate hikes by the Bank of …

Canadians are contributing less to a tax-free savings account (TFSA) while basic monthly living expenses have increased, according to a new survey by BMO. The online survey of over 1,500 adults was conducted Nov. 3-8, 2023, and found that basic monthly costs rose $397 year-over-year as 68 per cent of …

BMO Financial Group has signed a deal to acquire the Air Miles loyalty rewards program from LoyaltyOne Co. Financial terms of the agreement were not immediately available. Air Miles president Shawn Stewart says the deal will have no impact on collectors’ reward miles balances or on their ability to collect …

Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could …

Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports …