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Stock impact report

Five major Canadian banks expect larger rate cut as inflation cools [Wealth Professional (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Five of Canada's six largest banks now anticipate that the Bank of Canada will lower borrowing costs by 50 basis points, according to BNN Bloomberg This follows inflation data that showed a greater-than-expected cooling in the previous month. TD Bank stands as the only major lender to view the chances of either a 25 or 50 basis point cut as evenly split. This follows a report showing inflation dropped below the Bank of Canada's 2 percent target for the first time in over three years. Bank of Nova Scotia, Bank of Montreal, and National Bank of Canada have joined Royal Bank of Canada and Canadian Imperial Bank of Commerce in revising their predictions from a 25 basis-point reduction to a 50 basis-point cut for the upcoming October 23 decision. This shift highlights the growing belief that a gradual easing of rates may not be sufficient to prevent inflation from falling below target, as Canada's economy continues to show signs of weakening A majority of traders in overnight sw Show less Read more
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