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Stock impact report

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Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: BNN Bloomberg
Colin White, president and CEO of Verecan Capital Management, said in an interview with BNNBloomberg.ca last week that Canadian bank stocks trade as a “proxy for the Canadian economy.” He said that the impact of interest rates is less about the direct impact on the group of lenders and more about the impact on the overall economy. “If we see the interest rates drop and that alleviates some of the pressure on defaults, that will be positive for them. It will also indicate they are trying to stimulate the economy, which will also be good for them,” White said. “If interest rates stay where they are, I think they're going to have a bit of a headwind because those defaults are going to stay where they are or perhaps ramp up. And the economy is not necessarily going to be going gangbusters in that environment.” Amid higher interest rates all of Canada's major lenders have moved to increase loan loss provisions, White said, including for loans currently in good standing. “So the lo Show less Read more
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