Bank of Montreal reports a record profit for the first quarter

Source: Bloomberg
Bank of Montreal, the fourth biggest Canadian lending institution reported a record high first quarter net profit of CAD 1.11 billion or CAD 1.63 per share. Analysts earlier predicted net income to reach CAD 1.36 a share. The sharp increase in net income was supported by successful acquisition of Marshall & Ilsley Corp in July. Bad loan provisions fell annualized 56%.
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Wed, 29 Feb 2012 08:39:21 GMT

Canadian Dollar stronger on ECB second loan round

Canadian currency appreciated for the second consecutive day, reaching weekly record as ECB loan program lessened demand for US Dollar. Loonie gained 0.4% to CAD 0.9953 in Toronto session. On year to day basis Canadian Dollar has climbed 2.6%. Currently USD/CAD is trading at CAD 0.9936.

Wed, 29 Feb 2012 07:54:37 GMT

Aussie strengthens on ECB loan programme

Australian currency appreciated sharply against its US peer, reaching one-week record ahead of ECB refinancing operation due today to support region's lenders. Aussie climbed 0.1% against greenback to USD 1.0767 and was little changed versus Japanese Yen. In contrast New Zealand Dollar fell 0.4% against US Dollar to USD 0.8374. Currently AUD/USD is trading at USD 1.0809 and NZD/AUD is trading USD

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