Bay Street Edition

Bank of Montreal's CEO Delivers a Warning About Distress on Main Street

Also: People moves at BMO and TD

Darryl White, chief executive officer of Bank of MontrealPhotographer: Cole Burston/Bloomberg

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By Christine Dobby

October 17, 2025 at 4:13 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby , Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about the Bank of Montreal CEO’s arguments for looking beneath the headlines, US bank earnings and Scotiabank job cuts.