BMO Exit Could Cut AIR MILES Transaction Volume 15-25%, Threatening Diversified Royalty Revenue
Bank of Montreal's January 26 exit from the AIR MILES Reward Program threatens to slash transaction volume by 15-25% for the loyalty platform owned by Diversified Royalty Corp through AM Royalties Limited Partnership. The departure triggers contract restructuring as BMO transitions to a proprietary rewards system, creating headwinds for DIV.TO's royalty revenue streams through 2027.
ViaNews Editorial Team (Markets)•