Woman who lost $35K in distraction theft feels ‘victimized’ twice after bank...
A Calgary woman who recently fell victim to a distraction theft scam is fighting to get the thousands of dollars she lost reimbursed by the Bank of Montreal.
View ArticleCanada’s banks are guarding against bad loans. What this means for your money
Canada's banks put away more money for bad loans this past quarter. Canadians should take that as a signal they may need to tighten their belts further in the months ahead.
View ArticleBig six lenders raise prime rates past 7% after Bank of Canada hike
The cost of borrowing has increased again as all six big Canadian banks hiked their prime rates in lockstep with the Bank of Canada's policy rate.
View ArticleBMO brings girls’ soccer coaching clinic to Kingston, Ont.
Bank of Montreal has brought its fifth annual girls' soccer coaching clinic to Kingston, Ont., for the first time, in hopes of growing the women's game.
View ArticleBMO, Scotiabank set aside more funds to cover bad loans amid higher interest...
BMO and Bank of Nova Scotia, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.
View ArticleMortgage stress looms over Canada’s big banks. What they — and consumers —...
Earnings season from Canada's biggest banks show stretched amortizations persist among lenders' mortgage books. Here's what to know if your mortgage is up for renewal.
View ArticleInflation uptick could mean interest rates stay higher for longer
New economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.
View ArticleBMO Financial Group reports Q4 profit down from 1 year ago, raises dividend
On an adjusted basis, BMO says it earned $2.81 per diluted share in its latest quarter, down from an adjusted profit of $3.04 per diluted share a year ago.
View Article52% of new homebuyers likely to use first-time savings account: poll
A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
View ArticleNew BMO report sheds light on spending plans for Canadians heading into 2024
A BMO report found nearly a third of Canadians surveyed said they plan to cut back on spending in 2024 and 42 per cent are changing their New Year's resolutions.
View ArticleCanadians are contributing less to TFSAs as monthly costs soar: survey
The basic monthly living expenses for Canadians have increased nearly $400 year-over-year, according to a new survey by BMO of over 1,500 Canadians.
View ArticleDoes your partner spend too much? BMO finds one third of Canadians think so
About one-third of Canadian couples say spending is often a source of disagreement in their relationship, according to a new report from BMO.
View ArticleScotiabank beats profit estimates on interest income strength, BMO misses
Scotiabank on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while BMO fell short due to bigger loan-loss provisions.
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