BRIEF-BMO CEO Darryl White Says Outlook For Canadian Economy Remains Mixed

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Bank of Montreal

BMO

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- Bank of Montreal BMO.TO:

  • BMO CEO DARRYL WHITE SAYS OUTLOOK FOR CANADIAN ECONOMY REMAINS MIXED, WITH MODEST NEAR-TERM GROWTH IN GDP EXPECTED AMID INFLATION AND EMPLOYMENT CHALLENGES IN CERTAIN SEGMENTS

  • BMO CEO DARRYL WHITE SPEAKING ON CONFERENCE CALL

  • BMO CEO DARRYL WHITE SAYS USMCA, IMPACT OF INFRASTRUCTURE INVESTMENTS HAVE POTENTIAL TO DRIVE STRONGER GROWTH OUTLOOK FOR CANADA AND US IN THE MEDIUM TERM

  • BMO CFO RAHUL NALGIRKAR SAYS CONSUMER LENDING BALANCES WERE DOWN SEQUENTIALLY IN CANADA, DRIVEN BY DECLINES IN CARDS AND MUTED MORTGAGE GROWTH

  • BMO CRO PIYUSH AGRAWAL SAYS DELINQUENCY RATES HAVE BEEN IN UPWARD TREND, REFLECTING ELEVATED INSOLVENCIES AND RISING UNEMPLOYMENT; THAT HAS TRANSLATED INTO HIGHER PROVISIONS IN UNSECURED PORTFOLIO

  • BMO CRO PIYUSH AGRAWAL SAYS PRIVATE CREDIT PORTFOLIO REMAINS SMALL AND WELL COLLATERALIZED, LESS THAN 1% OF TOTAL PORTFOLIO

Further company coverage: BMO.TO