Canada Stocks Extend Weekly Gain, Led by Materials Producers; EnCana Rises Sep 12, 2009
Analysts at Bank of Montreal and Cormark Securities Inc. raised their ratings, recommending buying the stock. the second-largest natural-gas producer in Canada, increased 3. (Bloomberg -- Canada)
BMO Capital Bank Analyst de Verteuil Leaving for CPP Investment Board Sep 3, 2009
BMO Capital is a unit of Toronto-based Bank of Montreal, Canadas fourth-biggest bank. Canada Pension is the countrys No. 2 pension fund. (Bloomberg -- Canada)
Stocks Close Mixed On Day, But Up On Week Aug 30, 2009
Bank Of Montreal Quebec. Bank Of Nova Scotia. (Investors Business Daily)
Invitation 2010 IR Global Rankings Aug 29, 2009
The following companies have registered for the 10th edition of IR Global Rankings: Abertis (MADRID: ABE); adidas (XETRA: ADS.DE); Aegon (NYSE: ); AkzoNobel (Euronext: AKZA); ALL - America Latina Logistica (BOVESPA: ALLL11); Alltop Technology (TWSE: 3526); AmBev (NYSE: ); Amil Participacoes (BOVESPA: AMIL3); AMP (ASX: AMP); AMS Homecare (TSX: AHCK); Arcadis (EURONEXT: ARCAD); Assurant (NYSE: ); ASUR (NYSE: ); Asustek Computer (TWSE: 2357); Banco Bradesco (NYSE: ); Banco Nossa Caixa (BOVESPA:... (PR Newswire)
Canadian Stocks Cap Weekly Gain as Commodity Producers Rise; Banks Decline Aug 29, 2009
Bank of Montreal dropped 3. 1 percent to C$52. (Bloomberg -- Canada)
Royal Bank of Canada, Toronto-Dominion, National Profits Top Estimates Aug 28, 2009
The lenders join Bank of Montreal in surpassing analysts estimates, putting most Canadian banks on pace to top forecasts for the second straight quarter. A 16 percent gain in the benchmark lifted trading fees while mortgage lending rose after existing home sales increased six straight months in Canada. (Bloomberg -- Canada)
Canadian Stocks Slip as CIBC Misses Estimates; Royal Bank, TD Bank Advance Aug 27, 2009
Canadian Pacific Railway Ltd. jumped on an analyst upgrade, while Bank of Montreal rose a second day after its earnings beat forecasts ... Bank of Montreal added 2. (Bloomberg -- Canada)
Bank of Montreal Falls After Newsletter Predicts Dividend Cut and `Crash' Aug 25, 2009
Bank of Montreal Falls After Newsletter Predicts Dividend Cut - Bloomberg ... Bank of Montreal Falls After Newsletter Predicts Dividend Cut ... Other Web sites, including said the unidentified lender is probably Bank of Montreal, which reports third-quarter results tomorrow. (Bloomberg -- Canada)
Archive: Private Equity's Hollywood Flops Aug 19, 2009
Within the next two weeks, MGM's auditors at Bank of Montreal must decide if the company's library is still worth what it was back when the deal was done. That could trigger questions about whether the company is a "going concern" and set off covenants that force MGM to repay its debt. (BusinessWeek)
Scotiabank May Open More Canada Insurance Offices After First Outlet Today Aug 18, 2009
Bank of Montreal, the No. 4 bank, bought the Canadian life insurance arm of American International Group Inc. in April. Its a natural fit for our customer base, Hodgson said. (Bloomberg -- Canada)
Jarislowsky Fraser May Buy More Manulife Shares After Insurer Reduced Risk Aug 15, 2009
Bank of Montreal has a dividend yield of 5 ... Bank of Montreal ranks No. 4. (Bloomberg -- Canada)
NuVista Energy Ltd.: Second Quarter Interim Report Aug 14, 2009
--------------------------------------------------------------------------- Corporate Information Directors Keith A. MacPhail, Chairman W. Peter Comber, Barrantagh Investment Management Inc. Pentti O. Karkkainen, KERN Partners Ronald J. Poelzer, Bonavista Energy Trust Craig W. Stewart, RMP Energy Ltd. Alex G. Verge, President and CEO Clayton H. Woitas, Range Royalty Management Ltd. Grant A. Zawalsky, Burnet, Duckworth & Palmer LLP Officers Keith A. MacPhail, Chairman Alex G. Verge, President and... (CCNMatthews Press Releases)
CIBC Avoids `Sharp Objects,' Gets Chance to Win Back Canadian Investors Aug 11, 2009
6 for Bank of Montreal. The stock plunge also means CIBC offers one of the richest dividends relative to its peers. (Bloomberg -- Canada)
Flaherty Says Canada Wants China Investments Through Publicly Traded Firms Aug 10, 2009
Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada, TD Canada Trust, CIBC, Manulife Financial and Sun Life Financial Inc. also have sent officials on the trip as part of efforts to help Canadas financial industry expand in China. Flaherty is joined by Bank of Canada Governor and the head of the countrys regulator of financial services. (Bloomberg -- Canada)
Fifth Street Finance Corp. Declares Fourth Quarter Dividend of $0.25 Per Share and Announces Quarter Ended June 30, 2009 Financial Results Aug 6, 2009
5 million on our secured revolving credit facility with the Bank of Montreal. On August 3, 2009, we declared a $0. (Primezone Releases)
Hartco Establishes New Long-Term Financing Agreement Aug 5, 2009
MONTREAL, QUEBEC--(Marketwire - Aug. 4, 2009) - Hartco Inc. (TSX: - ) today announced that it has concluded new financing agreement with Bank of Montreal to replace its existing asset based lending facility which was scheduled to expire at the end of the year ... "We are very pleased to have established the new credit facility through a relationship with Bank of Montreal" said Hartco Vice-President and Chief Financial Officer, Carl Gauvreau. (CCNMatthews Press Releases)
5Banc Split Inc. Announces Quarterly Dividends on Preferred and Capital Shares Jul 31, 2009
5Banc Split was established to generate dividend income for the Preferred Shares while providing holders of the Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank. Information concerning 5Banc Split Inc. is available on our website at. (CCNMatthews Press Releases)
Dividend 15 Split Corp: Financial Results to May 31, 2009 Jul 30, 2009
Dividend 15 invests in a portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Income Fund, BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, The Thomson Corporation, TransAlta Corporation, TransCanada Corporation. Shares held within the portfolio are expected to range between 4-8% in weight but may... (CCNMatthews Press Releases)
CIT Backs Out of Funding Molson Family's Acquisition of the Canadiens Jul 29, 2009
Molsons replacement financing was obtained from the Bank of Montreal, the Journal said, citing unnamed sources ... Bank of Montreal spokesman declined to comment, and a CIT representative didnt have an immediate comment. (Bloomberg -- Canada)
Bank of Montreal, Royal Bank Use Internet to Skirt 86-Year Insurance Ban Jul 21, 2009
Bank of Montreal and other lenders are increasing sales online and making acquisitions to skirt the rules and take a bigger slice of the countrys C$115 billion ($104 billion) insurance market ... If you have in-branch selling of insurance, I think it would be difficult for you to see a TD product being sold in a Bank of Montreal branch, Rooney said in a telephone interview. (Bloomberg -- Canada)
AbitibiBowater Asks More Time for Reorganization Plan in Court Hearing Jul 17, 2009
The company received approval from the Quebec Superior Court in May, where it also has sought court protection, of a $100 million loan, which will be provided by the Bank of Montreal and backed by the Quebec governments economic development agency. AbitibiBowater rid itself of two unprofitable mills last month in Westover and Goodwater, Alabama, and less than two weeks later acquired a chip mill it needed to support its fluff- pulp mill in Coosa Pines, Alabama. (Bloomberg -- Canada)
Bank of Montreal Hires Two Former Merrill Lynch Energy Analysts in Denver Jul 15, 2009
Bank of Montreal Hires Former Merrill Lynch Analysts (Update1) - Bloomberg ... Bank of Montreal Hires Former Merrill Lynch Analysts (Update1) ... July 14 (Bloomberg) -- Bank of Montreal, the countrys fourth-largest bank, said it hired analysts and from Merrill Lynch & Co. to add to its energy group in the U.S.. (Bloomberg -- Canada)
Asta Funding, Inc. Announces Amendment to Revolving Credit Line Jul 11, 2009
6 million due to the Bank of Montreal under the borrowing facility for its Palisades XVI subsidiary. This represents a reduction of 35 percent in total senior debt from approximately $213. (PR Newswire)
Calling AIG? Jun 24, 2009
In addition to Goldmans $3 billion call Forster reports Merrill Lynch had made 18 margin calls for a total of $610 million; securities firm Calyon wanted $343 million; UBS had three calls for $40 million; while the French bank Societe General SA (25 calls), and the Bank of Montreal ($41 million) were also making substantial financial claims. According to Forsters memo, Goldmans 38 positions at the time involved 23 different transactions under names like Dunhill, Ischus II, Orchid II,... (CBS News -- Evening News)
BMO Capital Names Parker to Head Canadian Debt Research, Hires Bateman Jun 18, 2009
BMO Capital Markets is the investment-banking business of Bank of Montreal, Canadas fourth-biggest bank. To contact the reporter on this story: in Toronto at. (Bloomberg -- Canada)
Agnico-Eagle increases credit lines to over US$900 million Jun 16, 2009
The new facility is being provided by a syndicate of international banks led by Scotia Capital (Joint Lead Arranger and Administrative Agent) and TD Securities (Joint Lead Arranger and Syndication Agent), Bank of Montreal (Co-Documentation Agent), CIBC World Markets (Co-Documentation Agent), Export Development Canada (Co-Documentation Agent), Royal Bank of Canada, Commonwealth Bank of Australia, Macquarie Bank Limited, National Bank of Canada, Barclays Bank Plc, Bank of America Merrill Lynch,... (PR Newswire)
AbitibiBowater Wins Bankruptcy Court Approval For Loan to Fund Operations Jun 5, 2009
Quebec Superior Court Judge Clement Gascon on May 6 approved a $100 million bankruptcy loan, which will be provided by the Bank of Montreal and backed by the Quebec governments economic development agency. The DIP financing will let Abitibi pay in full all the receivables owed, according to an SEC filing. (Bloomberg -- Canada)
Canada's Dollar Tumbles From Near Eight-Month High as Stocks, Oil Decline Jun 4, 2009
The firms parent, the Bank of Montreal, predicts the currency will weaken at C$1. 1130 by year-end. (Bloomberg -- Canada)
Moody's Changes Bank of Montreal Debt Outlook to `Negative' From `Stable' Jun 2, 2009
Bank of Montreal May Be Cut by Moodys on Loans (Update1) - Bloomberg ... Bank of Montreal May Be Cut by Moodys on Loans (Update1) ... Moodys changed its Aa1 rating outlook on Toronto-based Bank of Montreal to negative from stable, the New York- based ratings company said today in a statement. (Bloomberg -- Canada)
Canadian Currency Declines From 8-Month High on Speculation Gains Overdone Jun 2, 2009
This is probably healthy for the overall move, said , head currency trader in Toronto at BMO Nesbitt Burns, a unit of Bank of Montreal. This is not surprising, given the ferocity of the move down. (Bloomberg -- Canada)
Pamela M. Arway Joins DaVita Board of Directors May 29, 2009
Her work experience also included positions with Procter and Gamble and Bank of Montreal. "We are excited that Pamela is joining our Board of Directors. Her depth of operating and strategic experience is a welcome addition to our Board," stated Kent Thiry, Chairman and CEO.. (PR Newswire)
Bank of Montreal Cuts 1,100 Jobs as Profit Falls 44% on Higher Loan Losses May 27, 2009
Bank of Montreal Cuts Jobs as Profit Falls on Loans (Update6) - Bloomberg ... Bank of Montreal Cuts Jobs as Profit Falls on Loans (Update6) ... Bank of Montreal, Canadas fourth-biggest bank, set aside C$372 million for bad loans, largely in the U.S., up from C$151 million a year earlier. (Bloomberg -- Canada)
/R E P E A T -- Media Advisory - The Real Estate Market and Implications for Moncton and New Brunswick: Exclusive Inside Look from Industry Experts/ May 26, 2009
BMO BANK OF MONTREAL ... What: BMO Bank of Montreal real estate panel discusses Moncton and New Brunswick marketplace Who: Erika Jones, Licensed Multi-Award Winner Real Estate Salesperson with Royal LePage Metro Sal Guatieri, Senior Economist, BMO Financial Group Kelly Sullivan, Mortgage Specialist, BMO Bank of Montreal Gary Anderson, Director Business Development Group, BMO Bank of Montreal and Facilitator When: Tuesday, May 26, 2009 10:30 a.m. Where: Boardroom BMO Bank of Montreal 633 Main... (Canada Newswire)
CIBC Ousts TD Securities as Top Equities Dealer as Banks Target Trading May 25, 2009
Bank of Montreal may say that profit before one-time items fell 28 percent to 86 cents a share, according to de Verteuil. Toronto-Dominion, , CIBC and report results May 28. (Bloomberg -- Canada)
There's no easy way to ace this one May 18, 2009
I imagine the same thing would be true of the wrong VP at the Bank of Montreal. Last spring, Ms. Aaronson joined close to 600 other medical-school applicants to take part in McMaster's MMI. She had worked as a consultant in the medical field, but knew this would be very different from every other interview she'd had. (Globe and Mail -- Business)
Bank of Montreal Reaches Settlement With Regulator in Probe of Capital May 16, 2009
Bank of Montreal Seeks Settlement With Regulator (Update1) - Bloomberg ... Bank of Montreal Seeks Settlement With Regulator (Update1). (Bloomberg -- Canada)
Sentry Select Capital Inc. Announces Exchange Ratios for Sentry Select Canadian Income Exchange Fund May 16, 2009
7328 ---------------------------------------------------------------------------- Bank of Montreal BMO 42 ... 7053 ---------------------------------------------------------------------------- Eligible Securities - Preferred Shares ---------------------------------------------------------------------------- Security Name TSX Symbol Volume Exchange Weighted Ratios Average Price ---------------------------------------------------------------------------- Bank of Montreal Series 14 BMO.PR.K 20. (CCNMatthews Press Releases)
Iteration Energy (ITX) announces March 31, 2009 first quarter results May 15, 2009
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
#86 KINGSTON, ONTARIO May 15, 2009
Built in 1845 for the Bank of Montreal (check out the vault), this is now one of the best hotels in Ontario. Thoughtfully - and smartly -- decorated rooms, an excellent breakfast and friendly hosts make this a tough booking on busy weekends. (New York Post -- Entertainment)
Business failures decline, bucking trends May 13, 2009
Bank of Montreal economist Douglas Porter noted that Canadian consumer bankruptcies soared 57 per cent year over year in March alone, the fastest runup during the economic downturn. It appears business was much better prepared for this downturn, Mr. Porter said. (Globe and Mail)
Desjardins raises target prices for Canadian banks May 13, 2009
He raised his target on Bank of Montreal by 21 per cent to $47 ... Plunging share prices had sent bank yields soaring, with Bank of Montreal's dividend yield near 11 per cent earlier this year as its shares bounced off a 52-week low of $24. (Globe and Mail)
AbitibiBowater Wins Court Approval to Raise $100 Million in New Financing May 8, 2009
Judge Clement Gascon yesterday agreed the new debtor-in- possession financing provided by the Bank of Montreal and backed by , the provincial governments economic development agency, must be repaid before bondholders are paid, giving the lenders higher priority on the companys assets. Short-Term Liquidity. (Bloomberg -- Canada)
Abitibi wins Quebec debtor funding May 7, 2009
Judge Gascon also rejected lenders' concerns that DIP lender Bank of Montreal and the government would step ahead of them in the case of a liquidation. He said these type of super-priority loans are routinely granted and that the benefits to all creditors, stakeholders and employees outweigh potential prejudice to some creditors. (Globe and Mail -- Business)
AbitibiBowater receives court orders in Canada for $100 million in DIP financing May 7, 2009
MONTREAL, May 7 /PRNewswire-FirstCall/ - AbitibiBowater Inc. ("AbitibiBowater" or the "Company") and its Abitibi-Consolidated Inc. ("Abitibi") subsidiary today announced that an order from the Quebec Superior Court in Canada has been obtained authorizing Abitibi to enter into a loan agreement with Bank of Montreal for debtor-in-possession financing which will be guaranteed by Investissement Quebec (the "Abitibi DIP Agreement") ... The Abitibi DIP Agreement will be among Abitibi, as borrower, and... (PR Newswire)
Fifth Street Finance Corp. Announces Quarter Ended March 31, 2009 Financial Results May 7, 2009
0 million under our secured revolving credit facility with Bank of Montreal ... 0 million, respectively, of the balance on our secured revolving credit facility with the Bank of Montreal. (Primezone Releases)
AbitibiBowater Bondholders Oppose Plan to Raise $100 Million New Financing May 6, 2009
Abitibi Consolidated Inc., a unit of AbitibiBowater, Donahue Corp. and the Bank of Montreal agreed to provide $100 million of debtor-in-possession financing in exchange for a higher ranking among creditors than the bondholders, according to court filings. The Abitibi petitioners argument is that this additional $100 million would make life easier, the bondholders said. (Bloomberg -- Canada)
Canadian Stocks Rise, Led by Bank of Montreal; Energy Producers Retreat May 6, 2009
Bank of Montreal and Bank of Nova Scotia led a rally that pushed a in Canadas main stock index above its 200-day moving average for the first time since October 2007 ... Bank of Montreal, Canadas fourth-biggest bank, gained 4 ... RBC Capital Markets analyst Andre-Philippe Hardy yesterday upgraded Bank of Montreal, Bank of Nova Scotia, Toronto-Dominion Bank and National Bank of Canada, predicting share price gains of 40 percent to 80 percent over the next two years. (Bloomberg -- Canada)
Time to Buy Canadian Banks on Weakness, Royal Bank Analyst Hardie Says May 5, 2009
Hardy upgraded shares of to outperform from sector perform, and Bank of Montreal to outperform from underperform. He raised Bank of Nova Scotia and to sector perform from underperform. (Bloomberg -- Canada)
AbitibiBowater needs debtor financing May 2, 2009
The Quebec government is proposing to guarantee a so-called debtor in possession loan from Bank of Montreal. U.S. Bankruptcy Court has approved a separate $200 million DIP financing for the company's Bowater subsidiary. (Fresno Bee -- Business)
Getting the job done during a pandemic May 2, 2009
Tom Frank, who oversees business continuity planning for Bank of Montreal, spent the week meeting with BMO's chief medical officer and a pandemic planning committee, ensuring staff review emergency plans, keeping top executives in the loop, crafting e-mails to a staff of 37,000 and setting up a hotline for employees. SARS definitely gave people a wake-up call, Mr. Frank says. (Globe and Mail)
Canadian Dollar Strengthens to Two-Week High as Stocks, Crude Oil Advance Apr 30, 2009
Market sentiment seems to have turned on a dime, said , head currency trader in Toronto at BMO Nesbitt Burns, a unit of Bank of Montreal. Global equity markets have been staging a bit of a rally. (Bloomberg -- Canada)
BMO, the official bank of the Canadian defence community, installs a new Instabank machine on Gagetown base Apr 20, 2009
This commitment has never been more relevant than it is now given today's economic realities (Canada Newswire)
Canadian Banks Avoided Mortgage Meltdown Apr 19, 2009
"It didn't take long for me to discover that this is an entirely different culture," said Cooper, chief economist at the Bank of Montreal. "Canadian banks were up to their ankles in the toxic muck whereas American banks were over there heads.". (CBS News)
Royal Bank Writedown May Be `Bellwether' for Canadian Banks This Quarter Apr 18, 2009
Bank of Montreal, the countrys fourth-biggest bank, is comfortable with the valuation of goodwill based on an annual review completed in October, spokesman said in an e-mailed statement. The Toronto-based bank hasnt seen significant changes since then in its U.S. personal and commercial banking business, which is based in Chicago. (Bloomberg -- Canada)
Canada Mortgage Rates Not Likely to Fall Further, Soper at Brookfield Says Apr 15, 2009
Bank of Montreal, which sponsored the conference, lowered its rate for a five-year fixed-rate mortgage this month to 4. 15 percent. (Bloomberg -- Canada)
Boomers Go Long, But are they Falling Short? Apr 15, 2009
Staying mentally active is of secondary importance, but money is by far the top concern. In some cases, Boomers may discover they need to work fewer years than anticipated to realistically meet their retirement goals. (Canada Newswire)
Celine Dion wants to buy Canadiens Apr 13, 2009
Quebec broadcaster Radio-Canada said Wednesday that the Bank of Montreal has signed confidentiality agreements with 10 potential suitors who had until Thursday afternoon to submit formal bids to 80 percent majority owner George Gillett, a Denver-based sports team and events promoter. The buyer would also acquire the Bell Center arena in Montreal and a concert promotion division. (MSNBC -- News)
A daredevil portfolio for (highly) risk-tolerant investors Apr 12, 2009
1 per cent. In between are some blue-chip names that include a pair of banks, Bank of Montreal and Canadian Imperial Bank of Commerce, insurer Great-West Lifeco, the real estate company Brookfield Properties and several income trusts. To better understand stocks like these, let's look at three themes in dividend investing. (Globe and Mail)
NAL Oil & Gas Trust Announces Early Renewal and Continuation of Existing Credit Lines Apr 6, 2009
NAL Oil rust Announces Early Renewal and Continuation of Existing Credit Lines - Yahoo. "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "1239024638", "close" : "1239048038", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". (CCNMatthews Press Releases)
NuVista Energy Ltd. Announces Renewal of Credit Facility Apr 4, 2009
NuVista's lenders are Canadian Imperial Bank of Commerce, as Agent, Bank of Montreal, Royal Bank of Canada, The Toronto-Dominion Bank, The Bank of Nova Scotia, Alberta Treasury Branches and Union Bank of California, Canada Branch. NuVista is an independent Canadian oil and natural gas exploration, development and production company with its common shares trading on the Toronto Stock Exchange under the symbol "NVA". (CCNMatthews Press Releases)
/R E P E A T -- Media Advisory - Dr. Sherry Cooper to Discuss Economic Crisis at Barrie Speech/ Apr 1, 2009
BMO BANK OF MONTREAL ... BMO BANK OF MONTREAL ... BMO BANK OF MONTREAL - More on this organization. (Canada Newswire)
Maxim Power Corp. Announces Record Revenue and Financial and Operating Results for 2008 Mar 28, 2009
9 million as long-term debt under the Bank of Montreal ("BMO") Facility B. As a result, earnings before interest, taxes, depreciation and amortization (refer to Non-GAAP measures - "EBITDA" in the MD&A), decreased $1. 0 million to $39. (CCNMatthews Press Releases)
Canadian Stocks Climb, Halting Two-Day Slide as EnCana, Energy Shares Gain Mar 27, 2009
Oil seems to be the theme today, said , who helps oversee C$40 billion at Bank of Montreal Asset Management in Toronto. The companies are more profitable if theres a higher price on what theyre producing. (Bloomberg -- Canada)
Ottawa, banks take action to rescue mortgages Mar 27, 2009
"It really comes down to looking at each situation on its own merit," said Rick Jaques, vice-president of personal and commercial banking for Bank of Montreal in the Windsor area, where auto-related job losses have hit hard. "Another item that I would throw in is the option to skip a payment, that has come up in several instances.". (Globe and Mail)
Suncor to Buy Petro-Canada for $15.6 Billion to More Than Double Output Mar 24, 2009
If you look at how badly Petro-Canada has underperformed over the last five years, youd say its a fair deal, said , director of investments at Bank of Montreal Asset Management in Toronto. Suncor has to demonstrate that it can actually run those assets better. (Bloomberg -- Canada)
