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The fund’s total exposure to Canadian banks is less than 10 per cent, considerably less than that of Canada’s largest dividend ETF.
The fund’s total exposure to Canadian banks is less than 10 per cent, considerably less than that of Canada’s largest dividend ETF.
(MICHELLE SIU/THE CANADIAN PRESS)

BMO’s hefty restructuring charges are a recurring theme

Bank of Montreal is in the midst of an aggressive cost-cutting campaign.

When the bank reported earnings Thursday, the income statement included an $82-million restructuring charge. But this isn’t the bank’s first. Since the start of the 2012 fiscal year, BMO’s restructuring charges total $255-million.