- Reuters
BMO chief says US economy improving, calls California 'a strategically important market'
The U.S. economy was showing signs of stronger than expected growth, with California being a strategically important market, said the head of Bank of Montreal, which has rapidly expanded in its southern neighbour. CEO Darryl White, addressing shareholders at the bank's annual meeting, said the bank was well positioned to cater to clients between American and Canadian economies in a shifting global landscape. BMO, Canada's third largest bank by market capitalization, makes about a third of its income from the United States after its $16.3 billion Bank of the West acquisition last year, the biggest ever deal in Canadian banking history.
- Bloomberg
Canada Opens Mortgage Market to 30-Year Loans for Homebuyers
(Bloomberg) -- Canada will relax the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly built homes. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointThe change to regula
- Bloomberg
BMO Drops Anti-Coal Policy Amid Wall Street Rebuke of ESG
(Bloomberg) -- BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareUkraine Says It’s Behind Blaze on Russian Warship in Baltic SeaBillionaire Geiger, Blackstone Near L’Occitane DealS&P 500 Stages Late-Day Rebound With CPI in Focus: Markets WrapThe change came to light Monday af
