CHINA MOMENTARILY SHUNS ENTRY FOR FOREIGN NATIONALS FROM CANADA

• China momentarily suspends most foreign nationals travelling from Canada.
• This has been put into force because of the Covid-19 situation that warrantees, ‘all foreign nationals who hold valid Chinese residence permits are not allowed to enter. This was reiterated by the C...

BANK OF MONTREAL TO LEAVE OIL AND GAS BANKING IN THE U.S.

Highlights

• The U.S. shale industry has been immensely affected by the COVID-19 pandemic which resulted in oil prices going down and decline in the demand

• BMO said this financial decision was made for an orderly wind-down of our non-Canadian investment and corpora...

NO THREAT AT THE UBISOFT’S MONTREAL OFFICE: POLICE

Highlights

• The officers were responding to a 911 call and no injuries have been reported said the police service

• Reportedly an armored police truck was seen pulling up to the building, and most of the employees were on the terrace while remaining were barricading...

BANK OF MORTEAL IN FAVOUR OF US OVER CHINA

Highlights:

• Ceo Bank Of Montreal Favours Us
• Ceo Darryl White Says He Has No Designs To Get Into Shopper Loaning In The Asian Country

Bank of Montreal CEO Darryl has said that despite everything he favors the United S...

5% cut in the workforce of Bank of Montreal causing reconstructing charges to drop profit

There was a drop reported in the total profit of the Bank of Montreal on Tuesday, caused by severance costs when its workforce of around 5% got cut, causing the shares to go even lower. 

The total income of BMO fell from C$1.7 billion to C$1.19 billion ($894.67 million), or from C$...