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Bank of Montreal
Symbol BMO
Shares Issued 729,664,893
Close 2025-01-06 C$ 137.95
Market Cap C$ 100,657,271,989
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Globe says BMO's Porter sees Canada hit by uncertainty

2025-01-07 07:37 ET - In the News

The Globe and Mail reports in its Tuesday edition that the federal government's economic agenda has been mired in uncertainty and gridlocked in Parliament. The Globe's Mark Rendell and Nojoud Al Mallees write that Justin Trudeau's announcement Monday that he will step down as Prime Minister now leaves Canada's economy rudderless as a potential trade war looms over the country. Key priorities from its spring budget have been held up in the House of Commons by obstinate opposition parties. Its fall economic statement was delayed more than a month, then undercut when Finance Minister Chrystia Freeland resigned hours before she was expected to deliver the document. With Mr. Trudeau stepping aside and proroguing Parliament ahead of a likely spring or early summer election, numerous economic policies are stuck in limbo. It is unclear whether the increase in capital gains tax for businesses and wealthy individuals will proceed as announced or whether the $250 cheques that were promised in November will ever be mailed. "A murky picture just got murkier," BMO chief economist Douglas Porter told The Globe. "It's not helpful that we're not even sure if the capital gains change, for instance, is going to ultimately get passed."

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