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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (49503)	4/4/2019 5:11:37 PM
From: Goose94	Read Replies (2) of 202070

Bank of Montreal (BMO-T) Bankster Fears. Can You See It? Bank of Montreal chief executive officer Darryl White says that the risk of recession in the coming year "remains relatively low," even as the Canadian and U.S. economies are expanding more slowly. BMO's commercial bank continue to send signals that the economic outlook "generally remains positive," said Mr. White, speaking at BMO's annual meeting of shareholders in Toronto. An inverted yield curve and falling bond yields, combined with softness in key pockets of Canada's housing markets, have put some investors on edge. Their fears are compounded by evidence that Canada's economic growth is slowing. Nevertheless, Bank of Canada Governor Stephen Poloz struck a tone that was generally upbeat in a speech on Monday, and set about calming speculation that the central bank might consider cutting interest rates in response to a weaker forecast. On Tuesday, Mr. White adopted a similarly confident stance, even as he acknowledged some "moderation" in the broader business climate. For the balance of 2019, he expects Canada's gross domestic product (GDP) will likely rise by roughly 1.5 per cent.

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