News Releases
WHAT: A recent economics report from BMO Financial Group revealed that net earnings of Canadian businesses have increased at an average annual rate of 32 per cent over the last three years.
Higher commodity prices, a robust housing market, and strong consumer spending have contributed to this sharp increase, translating into billions of dollars of surplus cash for businesses across
Yet, as their bank accounts continue to grow, many business owners are compromising their future productivity and competitiveness by leaving too much cash sitting idle in deposit accounts.
WHY: According to the BMO Financial Group Economics Report, business deposits at financial institutions between 2003 and 2005 grew at an average annual rate of nearly 15 per cent.
Rather than storing this cash in deposit accounts that yield little to no return, businesses need to develop a surplus cash management strategy that can effectively grow the accumulated cash in a manner that will both mitigate risk and enhance the viability of the business over the long-term.
WHO: BMO Financial Group has national and local experts who can provide insight and practical advice for small- to mid-size business (SMB) owners about how to effectively manage and maximize surplus cash.
Topics for discussion include:
� Tips for managing surplus cash
� How SMB owners can simply create a surplus cash flow plan
� Which investments can drive growth while also mitigating risk
� How to tailor investment options to meet personal and business goals
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