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US and India Seal Major Trade Pact as Tariffs Fall and Energy Ties Shift

                                      US President Donald Trump and Indian Prime Minister Narendra Modi  The United States and India have reached a significant new trade agreement that lowers U.S. tariffs on Indian goods to 18%, marking a major step toward easing recent economic frictions. In a reciprocal move, India has agreed to phase out its purchases of Russian oil, a longstanding point of tension in its relations with Washington. The deal signals a strategic realignment for both nations. India, one of the world’s largest energy importers, will begin redirecting its oil sourcing toward alternative suppliers, including the United States. Meanwhile, reduced tariffs are expected to boost Indian exports and strengthen commercial ties between the two economies. The announcement has already generated optimism among investors and industry groups, who anticipate smoothe...
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BMO Faces $4‑Million Penalty for Long‑Running Customer Overcharges



The Bank of Montreal has been fined $4 million by Canada’s federal banking regulator after an internal review revealed the bank had overcharged more than 100,000 customers enrolled in discounted banking plans. The issue spanned over a decade and affected clients who were supposed to receive reduced or waived fees through specialized programs.

According to the regulator, the bank failed to apply fee waivers correctly and did not clearly disclose when discounted pricing would begin. As a result, customers in programs for newcomers, students in medical and dental fields, Indigenous clients, and mortgage‑related plans were charged fees they should not have paid.

BMO has refunded millions to affected customers and made additional donations in cases where refunds were not possible. The bank stated that it self‑reported the issue and has since updated its internal processes to prevent similar errors.

The fine highlights the ongoing scrutiny of consumer protection practices within Canada’s major financial institutions and reinforces the expectation that banks must ensure accurate, transparent fee structures.


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