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BMO, CIBC, Announce Multi-Billion Dollar Programs to Support Critical Economic Sectors

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BMO (BMO.TO) and CIBC (CM.TO) both announced multi-billion dollar initiatives to support critical sectors in the Canadian economy.

BMO said Friday morning it plans to mobilize up to CA$70 billion over 10 years, targeting electricity, energy and transportation infrastructure, among other sectors including defense, mining and artificial intelligence.

Capital mobilization may take the form of bank financing, debt capital markets activity and the raising of public equity, a statement said.

CIBC late-Thursday committed CA$2 billion to support funding for small and medium-sized defense-related and dual-use businesses across Canada.

BMO shares were last seen up CA$0.98 at CA$241.50 on the Toronto Stock Exchange, while CIBC shares were up CA$0.15 at CA$158.57.

Price: $241.66, Change: $+1.14, Percent Change: +0.47%

What else is happening in Mining & Metals?

Mining & Metals

Enghouse Systems Q3 Net Earnings, Revenue Decline

Enghouse Systems (ENGH.TO) said Thursday after trade that its third-quarter net earnings declined 9.7% to CA$0.28 per share, from CA$0.31 per share in the prior year period.Analysts polled by FactSet had expected CA$0.32 per share.The provider of enterprise software solutions said quarterly revenue fell 6.4% to CA$117.6 million for the period ended July 31, slightly below analysts' expectation of CA$118 million.The company will pay a regular quarterly dividend of $0.31 per share on Nov. 27 to shareholders of record on Nov. 13.Enghouse shares closed up CA$0.14 at CA$15.64 on the Toronto Stock Exchange.

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Mining & Metals

Wall Financial Fiscal Second-Quarter Earnings and, Revenue Rise Year Over Year

Wall Financial Corporation (WFC.TO) after the market close Thursday reported fiscal second-quarter earnings of CA$0.54 per share, compared with CA$0.39 per share in the prior-year period.Revenue for the quarter ended July 31 was CA$56.9 million, up from CA$51.9 million in the same period last year.Wall Financial shares closed up CA$0.90 to CA$20.90 on the Toronto Stock Exchange on Friday.

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Mining & Metals

Earnings Flash (TCS.TO) Tecsys Inc. Reports Q1 2027 Revenue CA$50.0M, vs. FactSet Est of CA$47.7M

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