The announcement comes days before Prime Minister Mark Carney's investment summit kicks off in Toronto on Monday.
BMO says it will deploy $70 billion in new capital over a decade to help finance critical Canadian economic sectors as several of Canada’s big banks are pledging to support a national push to strengthen security and resilience.
The lender’s new initiative, announced Friday morning, will back projects in electricity, energy and transportation infrastructure, as well as mining and critical minerals, AI computing, defence and security, and oil and gas.
Bank of Montreal will spend up to $70 billion in new capital over 10 years in sectors it considers critical to Canada’s economy.…
Canada’s biggest financial players promised to deploy billions of dollars in sectors that play key roles in boosting the economy.…
CEO Isabelle Hudon says BDC looking to invest time and money in sectors that may include critical minerals and quantum computing.…
Firms that can receive funding include ones in energy, cybersecurity, digital capability, infrastructure and advanced technology…
A decision by Canada's banking regulator to reduce the amount of money banks keep to tackle shocks has freed up billions in…
TORONTO - CIBC says it is committing $2 billion to support small- and medium-sized businesses in the defence industry and those…
