BMO Capital Markets

Celebrating October’s Employee Ownership Month, BMO reflects on the unique gathering this past summer in Milwaukee, WI, with Vaishant Sharma and Alejandro Molina, Senior Policy Advisors with the White House National Economic Council, Noelle Montaño, Executive Director of Employee-Owned S Corporations of America (ESCA) and several ESOP companies. The day began with a tour of Milwaukee-based Paper Machinery Corporation, an ESOP since 2016 and a global leader in the design, manufacturing, and service of machinery for the paper cup and paperboard packaging industry. Following the tour, BMO hosted a roundtable with with several employee-owned company executives, who shared how employee ownership has impacted their lives and discussed how to further advance federal policy supporting employee ownership. ESCA is the voice in Washington D.C. that speaks exclusively for employee-owned S corporations and includes over 200 member companies representing 250,000 employee owners in every state in the U.S. Learn more at: http://spr.ly/6045Sz99L

Yesterday morning, Brian G. Belski spoke to BNN Bloomberg about the Bank of Canada's recent rate cut and why his TSX year-end target remains at 25,500. "This 50 basis point cut was the Bank of Canada cutting into a non-recessionary environment … historically that really portends to future performance of the TSX doing very well, and that's exactly what we've seen." Watch the clip here: http://spr.ly/6040SJX8s

Brian G. Belski joined BNN Bloomberg this morning to discuss the top U.S. sectors to invest in. "You have to own a little bit of everything … we've been long-term bulls on small-cap, on value, and on dividend growth, and we've seen a massive amount of broadening out." Watch the clip here: http://spr.ly/6044SGxtn

Last week we hosted a booth at #Sibos 2024 in Beijing, where our BMO experts spent the week engaging with clients and participating in critical discussions about the future of the industry. 

Together with our partners in Commercial Banking, Product, and Wealth Management, our Treasury & Payment Solutions team attended #AFP2024 in Nashville, where we connected with experts in the treasury industry, sharing our expertise across a variety of themes. We also welcomed our clients for a "Morning Brew and Liquidity Views" session, where we discussed the evolving liquidity landscape. Thank you to all who attended!

We recently hosted a webinar discussion with leaders in real estate, construction, and sustainability to explore why real estate owners and developers are increasingly committing to sustainable practices, and how builders are supporting these initiatives. Listen in: http://spr.ly/6041SE7Cc

In celebration of Employee Ownership Month, BMO recognizes Watertown, WI-based Spuncast, Inc., a 50-year-old steel foundry providing specialty steel tubes for a variety of industries worldwide. Spuncast President Kyle Reading said, “Employee ownership is at the core of our belief in our team. The decision to structure Spuncast as an ESOP in 2005 stemmed from the need to attract and retain the best employees and it’s also become a powerful tool for enhancing company culture and performance, making it a benefit to not just our employees but vendors and customers as well.” Learn more at: http://spr.ly/6046qNduu

Following the U.S. presidential election, BMO experts will come together to discuss the potential impacts on the economy, markets, and interest rates: http://spr.ly/6040qAYpK. Tune in to the live discussion to hear from Camilla Sutton, CFA, MBA, ICD.D, Director of Canadian and UK Research, Brian G. Belski, Chief Investment Strategist, Douglas Porter, Managing Director & Chief Economist, and Ian Lyngen, CFA, Managing Director & Head of U.S. Rates Strategy.

Earlier today BMO’s Senior Economist Robert Kavcic published a special report titled “Canada’s Immigration Rethink” that discusses the updated immigration plan and the economic impact for Canadians. Read the full report here: http://spr.ly/6041qN55F

Simeon Siegel, CFA joins CNBC noting how new Nike CEO Elliot Hill has a powerful team of established leaders committed to helping him succeed in his new role. “In the Disney press release, as they were walking Mark Parker out, they flagged that he is the Executive Chair of Nike and that he is leaving Disney to focus on his other areas of work. If Mark is taking a bigger hand in the business as Elliott steps in, I mean that’s great! And it’s all a small world because Tim Cook is on the board as well. So there is a nice team that may be stepping in to help someone who has been at Nike his entire life and is engendering a tremendous amount of excitement but has never actually been a CEO yet and now maybe he has this team that’s saying hey, we got your back.” http://spr.ly/6044qIqmm