Trans Mountain IPO comes at awkward time for energy giant Kinder Morgan
Kinder Morgan's plan to raise money for its Trans Mountain expansion through an initial public offering could not come at a more awkward time.
BMO
Federal agency probing Canadian banks for pressuring customers
The review comes after CBC reported some employees from Canada's five biggest banks alleged that they felt pressured to upsell, trick and even lie to customers to meet unrealistic sales targets.
Big banks said to be more open to making loans to oil and gas industry
Barclays Capital calculated that Canada's Big Six banks — CIBC, Royal Bank, Scotiabank, TD Bank, BMO and National Bank — took $1.3 billion in energy industry loan loss provisions over five quarters.
As oilpatch downturn continues, job seekers wrestle with career change
Since September, an estimated 25,000 have been laid off in the oil and gas industry, according to BMO Capital Markets analyst Robert Kavcic.