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Stock impact report

Canadian banks predict sharp rate cuts as trade war shakes economy [Wealth Professional (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Two of Canada's largest banks, Bank of Montreal (BMO) and Royal Bank of Canada (RBC), predict that interest rates may decrease more rapidly and reach lower levels than previously expected due to the escalating trade conflict with the United States. According to BNN Bloomberg , this development follows US President Donald Trump's executive order imposing a 25 percent tariff on most Canadian imports, with energy products facing a 10 percent tariff, effective from 12:01 am EST on Tuesday. Douglas Porter, BMO's chief economist and managing director of economics, indicated that the Bank of Canada might implement more frequent interest rate cuts in response to the trade dispute. Porter stated, “We now look for the quarter-point pace to continue in each of the next four meetings until July, taking the rate to two percent.” He also acknowledged the fluidity of the situation, suggesting that further adjustments could be necessary as more information becomes available regarding Canada' Show less Read more
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