News Releases
BMO Financial Group (TSX: BMO, NYSE: BMO), today confirmed that it will continue to support its existing commitments to provide liquidity to its own bank-sponsored asset-backed commercial paper programs.
In addition, BMO is supportive of the industry restructuring and orderly resolution of the non-bank asset-backed commercial paper market in Canada that was announced this morning.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Bank of Montreal's public communications often include written
or oral forward-looking statements. Statements of this type are included
in this document, and may be included in other filings with Canadian
securities regulators or the U.S. Securities and Exchange Commission,
or in other communications. All such statements are made pursuant to
the ‘safe harbor' provisions of, and are intended to be forward-looking
statements under, the United States Private Securities Litigation Reform
Act of 1995 and any applicable Canadian securities legislation. Forward-looking
statements may involve, but are not limited to, comments with respect
to our objectives and priorities for 2007 and beyond, our strategies
or future actions, our targets, expectations for our financial condition
or share price, and the results of or outlook for our operations or for
the Canadian and U.S. economies.
By their nature, forward-looking statements require us to make assumptions
and are subject to inherent risks and uncertainties. There is significant
risk that predictions, forecasts, conclusions or projections will not
prove to be accurate, that our assumptions may not be correct and that
actual results may differ materially from such predictions, forecasts,
conclusions or projections. We caution readers of this document not
to place undue reliance on our forward-looking statements as
a number of
factors could cause actual future results, conditions, actions or events
to differ materially from the targets, expectations, estimates or intentions
expressed in the forward-looking statements.
The future outcomes that relate to forward-looking statements may be
influenced by many factors, including but not limited to: general economic
conditions in the countries in which we operate; interest rate and
currency value fluctuations; changes in monetary policy; the degree
of competition
in the geographic and business areas in which we operate; changes in
laws; judicial or regulatory proceedings; the accuracy and completeness
of the information we obtain with respect to our customers and counterparties;
our ability to execute our strategic plans and to complete and integrate
acquisitions; critical accounting estimates; operational and infrastructure
risks; general political conditions; global capital market activities;
the possible effects on our business of war or terrorist activities;
disease or illness that impacts on local, national or international
economies; disruptions to public infrastructure, such as transportation,
communications,
power or water supply; and technological changes.
We caution that the foregoing list is not exhaustive of all possible factors. Other factors could adversely affect our results. For more information, please see the discussion on pages 28 and 29 of BMO's 2006 Annual Report, which outlines in detail certain key factors that may affect BMO's future results. When relying on forward-looking statements to make decisions with respect to Bank of Montreal, investors and others should carefully consider these factors, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. Bank of Montreal does not undertake to update any forward-looking statement, whether written or oral, that may be made, from time to time, by the organization or on its behalf.
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