PM Carney’s cabinet huddles in Banff as trade war intensifies – CTV News + MORE Sep 10th

As Canada’s big banks face increasing competition from smaller digital platforms, BMO says its digital self-directed investing platform will begin offering commission-free trading on all stocks and exchange-traded funds.

BMO InvestorLine will be the first direct investing brokerage owned by one of Canada’s five big banks to eliminate commissions on stock and ETF trades.

It is also eliminating brokerage account administration fees and lowering option trading costs by reducing contract fees and scrapping commissions.

The changes are effective Sept. 14.

The bank said the announcement reflects its commitment to expanding access to digital investing for all Canadians, especially with more people managing their finances digitally. BMO said the move would lower the cost of self-directed investing without compromising access to the tools, research and supports it offers, including AI-generated news and market summaries that investors can read.

Fees and commissions a barrier for young investors

While seasoned investors may not have felt that fees and commissions were necessarily an impediment, younger clients have often viewed them as a barrier, said Silvio Stroescu, president and CEO of BMO InvestorLine, in an interview…

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