The central bank also said it would maintain its quantitative easing program
New listings for the month totalled 4,487
There was a 19.9% drop in the number of Toronto homes sold compared with the same time a year ago
Prices continue to rise in both cities as demand outstrips supply
The Montreal-based bank is focused on simplification to draw new business as deposits dip
The drop in the deficit came as spending dropped compared with a year ago
Canada's political parties want to address the current cost of living crisis
The bank wants to increase its client base for its direct brokerage
The First Home Savings Account would allow Canadians under 40 to save $40,000 toward a home purchase
BMO's wealth management business earned $401 million in the quarter, up from $341 million a year ago