Bank of Montreal Secures Regulatory Approvals to Repurchase Up to 25 Million Shares

MT newswire2026/09/02 21:54

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05:54 PM EDT, 09/02/2026 (MT Newswires) -- Bank of Montreal (BMO) received approvals from the Toronto Stock Exchange and Canada's banking regulator to proceed with a normal course issuer bid to repurchase up to 25 million common shares, starting Sept. 8 and running until no later than Sept. 7, 2027, the company said late Wednesday. The shares represent about 3.6% of BMO's public float as of Monday, the bank said.

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On September 2, the Bank of Canada held its overnight rate at 2.25% for the seventh consecutive time. However, as the US-Canada tariff war has escalated and inflation risks have intensified, the market has shifted to betting on a rate hike. Governor Macklem warned that trade frictions will threaten the sustainability of the recovery. 63% of analysts expect the Bank of Canada to raise rates in the first half of 2027, while market pricing has shifted from expectations of easing to preparing for tightening in a stagflation scenario.

华尔街见闻•2026/09/02 22:31