|Bid||66.23 x 1100|
|Ask||89.15 x 800|
|Day's Range||74.90 - 75.98|
|52 Week Range||62.79 - 84.36|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||12.21|
|Forward Dividend & Yield||3.05 (3.98%)|
|1y Target Est||85.95|
Statistics Canada reported a small uptick in inflation from 15-month lows, to 1.5 percent, but those numbers are still well below the Bank of Canada’s 2 percent target. A separate report showed retail sales unexpectedly declined in January, reinforcing concerns about consumers paring back. The numbers suggest a relatively soft picture for an economy in the middle of a slowdown, with enough slack to limit any price pressures that could be a source of concern for the Bank of Canada.
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The Bloomberg dollar index tumbled 0.5 percent on Wednesday, making it the worst day since January, after Fed policy makers unexpectedly signaled they’d hold their rates benchmark steady all year because of troubling signs from the economy. The Fed’s shift comes a week after hedge funds and speculators boosted bets that the greenback would outperform peers to the highest level since January. Before Wednesday, “we were mildly bullish with the intention of flipping as soon as the Fed signaled that it was done tightening through QE and rate hikes,” said Greg Anderson, global head of foreign-exchange strategy at BMO.
BMO Global Asset Management Announces Cash Distributions for Certain BMO Exchange Traded Funds and ETF Series
Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S. Aluminum futures on the London Metal Exchange rose in line with other metals.
NEW YORK , March 18, 2019 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced the quarterly coupon amount for the Dorsey Wright MLP Index ETNs due December 10, 2036 (NASDAQ: BMLP) (the ...
The market resumed a rally fueled earlier in the week by soft inflation data, with the U.S. 10-year rate falling as much as five basis points to 2.58 percent. It dropped past the low it achieved Wednesday and holding just four basis points above its Jan. 4 low of 2.54 percent. Traders then focused on poorer-than-anticipated industrial production data and a soft Empire manufacturing report that added downward pressure to American yields.
U.S. District Judge Analisa Torres dismisses lawsuit filed against nine banks, of which six are Canadian, over Canadian rate-rigging.
A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits ...
TORONTO , March 14, 2019 /CNW/ - BMO Financial Group has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World's Most Ethical Companies. BMO is one of only three companies in Canada, the only bank in Canada, and one of only five banks worldwide, to have been named to the list, underscoring the bank's commitment to values-based leadership and ethical business practices. Honorees were formally recognized at a Gala Dinner held earlier this week by Ethisphere in conjunction with its 11th Annual Global Ethics Summit in New York City .
The value of residential real estate in Canada held by households dropped C$30 billion ($22.5 billion) in the fourth quarter to C$5.10 trillion, from C$5.13 trillion in the same quarter the previous year, Statistics Canada reported Thursday. The 0.6 percent decline is the first decrease in country-wide home values in data going back to 1990. Households meanwhile saw their debt burdens rise at the end of last year, with the debt to disposable income ratio hitting a record 174 percent in the fourth quarter.
The collateral for the notes is a co-ownership interest in a CAD4.7 billion pool of prime-quality real estate secured line of credit accounts originated and serviced by BMO, and secured by residential properties in Canada. Moody's cumulative net loss expectation is 0.40% in a base scenario and reaches 5.00% at a stressed level consistent with the Aaa ratings. The ratings are primarily based on the level of credit enhancement available in the proposed capital structure to cover losses in a variety of stress scenarios.
TORONTO , March 13, 2019 /CNW/ - While the RRSP contribution deadline has passed, Canadians can continue to utilize Tax Free Savings Accounts (TFSA) to save for the future. According to BMO's ninth RRSP and TFSA survey, half of Canadians invest in a TFSA to save for retirement, followed by 39 per cent leveraging the savings vehicle as an emergency fund. Canadians considering a TFSA for both long-term and short-term financial goals can maximize their retirement savings potential through BMO SmartFolio.
This month, Neuberger Berman will become the latest big name to close a fund based on factor investing, which uses characteristics like quality and value to bet which stocks will outperform over time. The decision follows a similar move by Columbia Threadneedle in December. The Man Numeric Market Neutral Alternative Fund for UCITS has shriveled to $20 million from around $300 million in mid-2018.
TORONTO , March 9, 2019 /PRNewswire/ -- BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced that it has filed its 2019 Notice of Annual Meeting of Shareholders and Management Proxy Circular with applicable ...
TORONTO, March 8, 2019 /PRNewswire/ - To mark International Women's Day 2019, BMO Financial Group will be taking part in a variety of initiatives to show its continued support and commitment to gender equality, economic empowerment, and female representation and inclusion in the workplace. "Women's economic empowerment is crucial for global economic growth," said Joanna Rotenberg, Group Head, BMO Wealth Management.