Canadian households are coping with their debt loads surprisingly well [Globe and Mail, The (Toronto, Canada)]
Bank Of Montreal (BMO)
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Source: Globe and Mail, The
2022, total interest payments made by households declined on a quarterly basis as the bank's recent string of rate cuts delivered much-needed relief to borrowers. At the same time, household indebtedness relative to incomes dropped again in the third quarter, continuing a trend that began at the start of 2023. It all suggests Canadians have managed their finances reasonably well, despite concerns going into the rate-hike cycle about their heavy debt loads. Households paid $176.9-billion in interest in the third quarter, down 0.6 per cent from the second quarter, according to Statistics Canada. The numbers reflect only the interest portion of debt payments, and not obligated repayments of principal. Most of the interest savings came in the form of lower non-mortgage interest payments, which are more sensitive to changes in the Bank of Canada's policy interest rate. The bank lowered that rate by half a percentage point to 3.25 per cent earlier this week, though it signalled it w
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News
- DIVIDEND 15 SPLIT CORP. II Monthly Dividend Declaration for Class A & Preferred Share [Yahoo! Finance]Yahoo! Finance
- Posthaste: Canadians plan to tighten their belts after the holidays [Yahoo! Finance Canada]Yahoo! Finance Canada
- Eastern Union Secures $24 Million Toward Refinancing of Newly Constructed, 57-Unit, Mixed-Use Property in Brooklyn's Flatbush Neighborhood [Yahoo! Finance]Yahoo! Finance
- Nearly one third of Canadians are planning to minimize spending in 2025, poll suggests [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Bank of Montreal (NYSE: BMO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
BMO
Earnings
- 12/5/24 - Miss
BMO
Sec Filings
- 12/20/24 - Form FWP
- 12/20/24 - Form 424B2
- 12/20/24 - Form 424B2
- BMO's page on the SEC website