08:10:02 EDT Sat 25 Jul 2026
Enter Symbol
or Name
USA
CA



Bank of Montreal
Symbol BMO
Shares Issued 700,400,531
Close 2026-07-13 C$ 252.99
Market Cap C$ 177,194,330,338
Recent Sedar+ Documents

Post says Big Six banks hear familiar spending tune

2026-07-13 07:13 ET - In the News

Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The National Post reports in its Monday edition that the federal government plans to pay for its recent big-ticket spending through a combination of economic growth and deficit increases, Finance Minister François-Philippe Champagne says. The Post's Simon Tuck writes that prior to officially kicking off the government's prebudget consultations this year, Mr. Champagne told reporters in Ottawa that the government is "investing" in the Canadian economy to ensure various new spending items can be paid for. He also repeated his argument from recent months that Canada has the strongest fiscal position in the G7, implying that increased deficit spending is affordable. "I think Canadians can understand that we have a strong fiscal position, and we're investing in the things that will generate growth to the country," the Finance Minister said. Mr. Champagne also cited the benefits of removing interprovincial free trade barriers and strategic defence procurement that improve innovation as ways to boost growth. "We'll do that in a very smart way." Economists remain skeptical that long-term investments will produce short-term gains, and that high-cost projects will be paid for through any means other than increased borrowing.

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