BMO Capital Markets

Extreme weather and wildfires are making it more urgent for companies to partner with suppliers to make their supply chains more resilient. Organizations do not need to have headquarters or even direct operations in an area affected by a natural disaster to experience operational disruptions. BMO’s Melissa Fifield discusses what a roadmap to supply-chain resilience looks like. Learn more: http://spr.ly/6041FIaaN

Evan Seigerman joins Bloomberg news to share his views of pharma and tariff threats. “I think they [pharma companies] are going to say ‘listen, we need to understand the specifics of the tariffs and duration of the tariffs before we can make big changes,’ because, again, their supply chains are very complex.” http://spr.ly/6048FauxO

We concluded our 2025 BMO CAPP Energy Symposium in Toronto today, where we brought together almost 370 corporate companies and investors for in-depth conversations on the energy sector.   Yesterday, we also joined members of the Canadian Association of Petroleum Producers (CAPP) and TMX Group to open the market. Thank you to all who attended!

Brian G. Belski joined CNBC this afternoon to discuss the factors contributing to BMO’s revised S&P 500 year-end target of 6,100. “We’re not calling for a bear market … We still believe that if and when we get a rebound, it’ll be violent, it’ll be strong and U.S. markets are going to lead the rest of the world.” Full discussion here: http://spr.ly/6044Fv7be

Our BMO Economists and Markets specialists Michael Miranda, CFA, Michael Gregory, and Yung-Yu Ma, Ph.D. came together on April 7 to discuss the market and economic implications of the new tariffs announced on April 2 and how they could impact the near and long-term outlook. Check out the summary article and podcast here: http://spr.ly/6041FsShf

On WCCO radio this afternoon, Brian G. Belski discussed market uncertainty, encouraging investors to remain calm and disciplined. “Ultimately, this will unwind … I would be a fervent investor in U.S. equities in the United States stock market today.” Full discussion here: http://spr.ly/6043FSOnz

Brian G. Belski joined CNBC Halftime Report to share his thoughts around recession fears and his S&P 500 year-end target. Learn more below: Recession fears: http://spr.ly/6047FoIa9 S&P 500 year-end target: http://spr.ly/6048FoIai

Following the latest tariffs imposed by the U.S. on countries across Southeast Asia, Simeon Siegel, CFA spoke to Reuters about the implications for retailers. Learn more below:

Randy Ollenberger sat down with BNN Bloomberg to share his outlook for Canadian energy as producers avoid tariffs for now. “Tariffs are going to reduce economic growth, so that’s negative for oil demand. And at the same time OPEC’s coming out and saying ‘we’re gonna put oil on the market.’ Canadian energy exports, actually Mexican energy exports, are not going to be impacted by the 10% tariff, which is good for Canadian Oil & Gas producers. The Canadian Oil & Gas market, in terms of the commodity itself, wasn’t reflecting any expectation of any tariffs, and in fact the market’s been getting better and better, so stronger pricing for Canadian oil. We’re looking at a pretty tight market in North America for heavy oil and we’re entering the asphalt season which is when the demand for heavy oil actually increases for road paving. That’s also helping tighten up differentials--so perhaps they could drop even lower from here, through the asphalt season… So the market’s pretty tight for heavy oil. Venezuelan oil is gone from the market. CDN oil production is still there, but not tariffed. But Mexican heavy oil production has been dropping. So it’s a tight market.” Watch the full clip here: http://spr.ly/6044FWzKe

On Monday, BMO experts Michael Gregory and Yung-Yu Ma, Ph.D. will discuss the impact of new trade tariffs unveiled on Wednesday by U.S. President Donald Trump. The discussion, moderated by Michael Miranda, CFA, will cover how the latest expansive new tariffs are impacting global trade and what that means for the markets and economy. Register for the event here: http://spr.ly/6043Fgi4z