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BMLP
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CANADA STOCKS-TSX notches longest weekly winning streak in three years
TSX ends down 0.5% at 21,984.08 for the week, the index gains 0.6% Materials sector falls 1% as metal prices fall. The U.S. Dollar strengthened against a basket of major currencies. The index still has its sixth straight weekly gain. It is the longest weekly winning streak in three years.
Reuters · 5d ago
CANADA STOCKS-Toronto stocks slip but set for weekly gains on soft landing optimism
Toronto stocks slip but set for weekly gains on soft landing optimism Canada retail sales fell 0.3% in Jan Alimentation Couche-Tard down on PT cuts TSX down 0.2% but still on track for strong weekly gains. Canada's main stock index reached record highs in the previous session.
Reuters · 5d ago
PRESS DIGEST-Canada - March 22
Canada's Flair Airlines has reduced its spring schedule by more than 600 flights. Bank of Montreal partners with Carlyle Group to launch a fund targeting high-worth clients. Canada's anti-money-laundering watchdog puts two officials on indefinite leave. The Globe and Mail looks at the top stories in Canada.
Reuters · 6d ago
UPDATE 1-Canada's BMO partners with Carlyle to launch investment fund
Canada's BMO partners with U.S. Private equity firm Carlyle to launch investment fund. BMO Global Asset Management to broaden access to private markets for Canadian investors. The fund will offer monthly subscriptions with low investment minimums to investors. Fund expected to be available this spring.
Reuters · 6d ago
ANALYSIS-Battle for Canadian bank deposits seen heating up as rate cuts loom
Bank of Canada governors have agreed that rate cuts should materialize this year. Big Canadian banks benefited from the C$350 billion pandemic-era savings. Customers are likely to divert funds parked in high-yielding fixed income products to riskier investments. Competition for customer deposits among Canadian banks seen heating up as rate cuts loom.
Reuters · 6d ago
US existing home sales rise to one-year high in February
US existing home sales rise to one-year high in February. Home sales jumped 9.5% last month to a seasonally adjusted annual rate of 4.38 million units. The monthly increase in sales was the largest since February 2023. Housing inventory surged 5.9% to 1.07 million units last month.
Reuters · 6d ago
UPDATE 1-Canada's big banks say sustainable finance pledges may not curtail emission growth
Canada's big banks say sustainable finance pledges may curtail emission growth. Some of Canada's biggest banks say their green financing efforts may curtail emissions growth. Many Canadian banks have pledged billions of dollars in sustainable financing to decarbonize high-emitting sectors. Banks have drawn criticism from climate activists and investors over their climate pledges.
Reuters · 03/20 00:44
Canada's big banks say sustainable finance pledges may not curtail emission growth
Canada's big banks say sustainable finance pledges may curtail emission growth. Some of Canada's biggest banks admit for the first time that their climate-related finance efforts may curtail emissions growth. Canadian banks have drawn criticism from climate activists for years for failing to meet climate goals. Many Canadian banks say they have pledged billions of dollars in sustainable finance.
Reuters · 03/19 14:49
US STOCKS-Wall St slides as inflation woes dampen rate-cut bets
Ten of the 11 major S&P 500 sectors were trading lower on Friday. Rate-sensitive technology stocks led the decline. The tech-heavy Nasdaq on track to end its second straight week lower. Fears that hotter-than-expected inflation figures could dampen rate-cut bets. Dow Jones down 0.22%, S&p 500 0.48%, Nasdaq 0.81%.
Reuters · 03/15 16:09
CANADA STOCKS-Toronto market hits 2-year high as resource shares rally
Toronto market hits 2-year high as resource shares rally TSX ends up 0.6% at 21,970.11 Commodity-linked shares gain Oil settles 2.8% higher Gold and copper prices climb for a third straight day. The Toronto Stock Exchange's S&P/TSX composite index ends up 139.09 points.
Reuters · 03/13 21:13
As succession questions swirl at Canada's TD, CEO says plans are in place
As succession questions swirl at Canada's TD Bank, CEO says plans are in place. U.S. Money-laundering probe and cancelled acquisition of First Horizon Corp in May have rattled investors. CEO Bharat Masrani says he is focused on the job, says he has "robust succession plans"
Reuters · 03/01 11:00
WRAPUP 1-CIBC, TD beat first-quarter profit estimates on higher loan volumes
Canada's CIBC, TD Bank beat first-quarter profit estimates on higher loan volumes and deposits. Results mirror similar gains at rivals Royal Bank of Canada and other banks. Strong performance in Canada softened the blow from weakness at the banks' U.S. Units. CIBC and TD Bank reported first quarter profits ahead of expectations.
Reuters · 02/29 13:47
CANADA STOCKS-TSX futures inch up ahead of US inflation data
Futures of Canada's main stock index edge up ahead of US inflation data. Lower crude prices and caution ahead of a key U.S. Inflation print capped further gains. The Toronto Stock Exchange's S&P/TSX composite index ended down 0.4% on Wednesday. Investors digested domestic earnings updates.
Reuters · 02/29 12:37
PRESS DIGEST-Canada - Feb 28
British Columbia's mining industry will be the largest beneficiary of tax relief in the provincial budget. The Canadian Pharmacists Association has complained to the country's competition watchdog. Bank of Nova Scotia and Bank of Montreal expect loan loss reserves to continue to rise. The top five stories in Canada.
Reuters · 02/28 11:11
CANADA RESEARCH ROUNDUP-AGF Management, Bank of Montreal, Lassonde Industries
Securities analysts revise their ratings and price targets on several Canadian companies. AGF Management, Bank of Montreal and Lassonde Industries among companies with revised targets. Bank of Canada raises target price to C$173 from C$167 for AGF management. Scotiabank raises its target price on Timbercreek Financial Corp.
Reuters · 02/28 07:22
CANADA STOCKS-TSX edges lower as investors weigh bank earnings
TSX ends down 5.41 points at 21,318.90 Index extends pullback from 22-month high BMO shares fall 3.6% after earnings miss Energy rises; oil settles 1.7% higher at $78.87 a barrel. Bank of Montreal missed earnings estimates.
Reuters · 02/27 21:16
CANADA STOCKS-TSX flat as energy shares rise, financials decline
Canada's main stock index was little changed as energy shares rise, financials decline TSX flat Declines in financials capped by energy sector gains BMO reports lower Q1 adj. Profit, shares fall. Bank of Montreal reported a fall in its first-quarter adjusted profit.
Reuters · 02/27 15:36
BUZZ-Bank of Montreal falls after Q1 earnings miss
Shares of Canada's Bank of Montreal down 3.8% at C$121.92. Company misses analysts' estimates for quarterly profit. Provisions for credit losses rises almost threefold to C$627 million. BMO set aside larger-than-expected sum to cover bad loans in uncertain economy.
Reuters · 02/27 15:22
CANADA STOCKS-TSX opens muted as energy gains offset by declines in financials
Bank of Montreal BMO.TO reported a fall in its first-quarter adjusted profit. Canada's main stock index opens muted as energy gains offset by declines in financials. The Toronto Stock Exchange's S&P/TSX composite index was down 3.28 points at 21,321.03.
Reuters · 02/27 14:37
Bank of Montreal reports results for the quarter ended in January - Earnings Summary
Bank of Montreal reports quarterly adjusted earnings of C$2.56 per share for the quarter ended in January. Revenue fell 9.6% to C$7.67 billion from a year ago. Bank of Montreal shares had fallen by 5.1% this quarter.
Reuters · 02/27 14:31
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About BMLP
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets. The P&C business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking (Canadian P&C), and the United States Personal and Commercial Banking (U.S. P&C). The Bank's Wealth Management business serves a range of client segments, from mainstream to ultra-high net worth and institutional, with an offering of wealth management products and services, including insurance. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients. The Bank has over 900 bank branches in Canada and the United States.