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Bank of Montreal
Symbol BMO
Shares Issued 718,355,472
Close 2025-07-15 C$ 154.69
Market Cap C$ 111,122,407,964
Recent Sedar Documents

Post says BMO's Porter sees inflation stuck around 3%

2025-07-16 09:22 ET - In the News

The Financial Post reports in its Wednesday edition that Canada's inflation rate accelerated to 1.9 per cent in June, up from 1.7 per cent the previous month, as disruptions to global trade started to have an impact on consumer prices. The Post's Jordan Gowling writes that prices increased in seven major components of the consumer price index basket, while gasoline prices fell to a lesser extent than in May, driving the overall rise in inflation, Statistics Canada said on Tuesday. Excluding energy, the consumer price index rose by 2.7 per cent in June. Tuesday's inflation reading is the last major economic data release before the Bank of Canada's next interest rate decision on July 30. The central bank decided to pause its policy rate at its last two meetings in April and June. Core inflation remained elevated near 3 per cent. Economists expect the central bank to remain on the sidelines at its next meeting, as the labour market also showed resilience in June. "The major measures of core inflation both remained stubbornly stuck right around three per cent," BMO chief economist Douglas Porter said in a note, adding that the share of goods in the CPI basket that remain elevated has not continued to improve, either.

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