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Bank of Montreal
Symbol BMO
Shares Issued 712,382,498
Close 2025-11-07 C$ 173.38
Market Cap C$ 123,512,877,503
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Globe says CIBC, rivals hear PM aims to spur investment

2025-11-10 07:17 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The Globe and Mail reports in its Saturday, Nov. 8, edition that Prime Minister Mark Carney defended the federal budget on Friday, addressing business leaders dissatisfied with its scope. The Globe's James Bradshaw and Andrew Willis write that the PM emphasized that the budget's tax breaks and spending on infrastructure, defence and innovation are strategic measures to encourage economic growth and boost lagging investment in Canada. Key initiatives include increased defence spending, a "productivity super-deduction" tax incentive, and the Major Projects Office launched to facilitate new infrastructure development. "We're using our fiscal space to invest, and it is big," Mr. Carney said, repeating: "It is big." Mr. Carney promised the budget would be a road map to transform Canada s economy and change its fortune for the next generation. The finished product was hailed as a step in the right direction, but left many top business leaders and economists asking if it was enough for the task at hand. Mr. Carney, however, made the case that the tax and spending measures in the budget should make his government's focus clear: Spurring investment that will boost productivity is the top priority.

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