BMO Announces $70 Billion Investment Over 10 Years in Key Canadian Sectors

Bank of Montreal (BMO), one of Canada’s major banks, has announced plans to invest $70 billion in capital over the next 10 years in sectors considered critical to the country’s economy, including critical minerals and electricity.

The bank says the initiative is aimed at strengthening Canada’s economic security and long-term stability. The announcement comes as Canada continues to face economic challenges and an ongoing trade dispute with the United States.

The move also aligns with Prime Minister Mark Carney’s government’s efforts to reduce Canada’s reliance on the U.S. and support sectors that can strengthen the country’s infrastructure and economic resilience.

Meanwhile, the Bank of Nova Scotia is planning to issue Canadian defence bonds to help companies raise funding. Royal Bank of Canada is also launching a $1.4-billion fund to invest in defence companies, Canadian technology firms and the aerospace sector.