BMO CEO Sees ‘Profound’ Policy Moves Blunting the Economic Damage of Covid-19
- White says enough measures in place to stabilize economy
- Energy sector’s ‘perfect storm’ may be softened by hedging
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Canada has taken enough measures to stabilize the economy from the Covid-19 pandemic -- and now it’s a matter of time before those “profound” actions have an effect, according to Bank of Montreal Chief Executive Officer Darryl White.
“I think we’re there from the perspective of starting to get capital to flow into the market,” White, 48, said Tuesday in a phone interview after his company’s annual meeting. “But that doesn’t mean that there isn’t going to be very difficult consequences for many businesses.”