05:38:19 EDT Fri 02 Oct 2026
Enter Symbol
or Name
USA
CA



Bank of Montreal
Symbol BMO
Shares Issued 695,092,237
Close 2026-10-01 C$ 236.63
Market Cap C$ 164,479,676,041
Recent Sedar+ Documents

Globe/CP say BMO hears BOC in a pickle over housing

2026-10-02 03:38 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 Globe and Mail reports in its Friday edition that Bank of Canada senior deputy governor Carolyn Rogers says monetary policy-makers are struggling to find new tools and pathways to address persistent housing affordability challenges. A Canadian Press dispatch to The Globe reports that one of the reasons housing is such a thorny issue to tackle is because of the outsized role it now plays in Canada's economy relative to other jurisdictions. In 2000, residential investment accounted for 4.3 per cent of Canada's GDP, while business investment in equipment and machinery sat at 8.3 per cent. Those shares are now largely reversed. Recent declines in home prices have provided some relief for buyers. However, long-term declines can impact household wealth and the economy, potentially slowing new construction. Efforts to address instability in the housing market with measures like the mortgage stress test have also historically raised barriers to buying a home, Ms. Rogers said, even if those regulations helped maintain stability. Ms. Rogers said the BOC's key interest rate is "too blunt" to fix housing affordability alone because lower rates fuel rising prices while higher borrowing costs box out prospective buyers.

© 2026 Canjex Publishing Ltd. All rights reserved.