BMO, CIBC, Announce Multi-Billion Dollar Programs to Support Critical Economic Sectors

11:07 AM EDT, 09/11/2026 (MT Newswires) -- BMO (BMO.TO) and CIBC (CM.TO) both announced multi-billion dollar initiatives to support critical sectors in the Canadian economy. BMO said Friday morning it plans to mobilize up to CA$70 billion over 10 years, targeting electricity, energy and transportation infrastructure, among other sectors including defense, mining and artificial intelligence. Capital mobilization may take the form of bank financing, debt capital markets activity and the raising of public equity, a statement said. CIBC late-Thursday committed CA$2 billion to support funding for small and medium-sized defense-related and dual-use businesses across Canada. BMO shares were last seen up CA$0.98 at CA$241.50 on the Toronto Stock Exchange, while CIBC shares were up CA$0.15 at CA$158.57. Price: 241.66, Change: +1.14, Percent Change: +0.47