Reported about 7 hours ago
The Bank of Montreal warns that ongoing trade tensions are hindering financial activity, leading to a slowdown in deals and commercial loans. CEO Darryl White noted the uncertainty surrounding tariffs imposed by the US, which is affecting client confidence and investment plans. With potential tariffs on steel and aluminum looming, both the Bank of Montreal and Scotiabank have set aside funds for possible loan losses, indicating a cautious outlook for the financial sector in Canada.
Source: YAHOO