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BMO Agrees to Buy Canadian Sustainability-Advisory Firm Radicle

Interest Rates May Drag On Canadian Banks As RBC Cuts Targets
Photographer: Christinne Muschi/Bloomberg

Bank of Montreal agreed to buy Radicle Group Inc., a sustainability-advisory and emissions-measurement firm, to help clients that are working to reduce their environmental impacts.

Calgary-based Radicle, which has 130 employees and more than 4,000 clients, will become part of BMO Capital Markets’ global markets group, the bank said Wednesday. Financial terms of the acquisition, expected to close this year, weren’t disclosed.