Brief: BMO CEO Darryl White Says Outlook For Canadian Economy Remains Mixed
BRIEF-BMO CEO Darryl White Says Outlook For Canadian Economy Remains Mixed May 27 (Reuters) - 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
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Bank of Montreal
See all newsCanada Research Roundup: Bank of Montreal, RBC, Wesdome Gold Mines
BMO hires UBS banker to lead US M&A team, memo shows
Europe Research Roundup: ABN Amro Bank, Grenergy, L'Oreal
Canada Research Roundup: Bank of Montreal, Hammond Power Solutions, Scotiabank
Brief: BMO CEO Darryl White Says Outlook For Canadian Economy Remains Mixed