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flag BMO and Scotiabank report strong earnings, with net income and profits significantly up from last year.

flag In August 2025, Canada's major banks, BMO and Scotiabank, reported stronger-than-expected earnings. flag BMO's net income rose to $2.33 billion, or $3.14 per share, from $1.87 billion, or $2.48 per share, a year ago, largely due to lower credit-loss provisions and robust U.S. operations. flag Scotiabank's profit increased to $2.53 billion, or $1.84 per share, from $1.91 billion, or $1.41 per share, driven by higher revenues. flag Meanwhile, Canadian Prime Minister Mark Carney announced plans to bolster ties with Germany for securing critical minerals supply chains.

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