The Globe and Mail reports in its Wednesday edition that Bank of Montreal is signalling caution over the potential effects of continuing tariff strife between Canada and the United States, but chief executive officer Darryl White says consumers and businesses are adjusting well to an evolving global trade environment. The Globe's Stefanie Marotta writes that on Tuesday, BMO posted third-quarter profits that topped analysts' expectations. "On the trade front, the Canada-U.S. relationship is going through a period of adjustment, and the uncertainty that brings represents a headwind in both countries for trade-related sectors and domestic affordability more broadly," Mr. White said during a conference call with analysts. "The relationship will remain an extraordinarily important one to both countries, but some of the assumptions that businesses have relied on for decades, particularly around the predictability of trade policy, have been tested in the last year and a half." BMO is working with clients on assessing investment decisions, supply chain changes, and market diversifications, and that despite the tariff uncertainty, businesses are currently "adjusting very well," he said. Scotiabank also reported Tuesday.