News Releases
TORONTO, November 12, 2008 – Join Canadian and U.S. Chief Investment Officers from BMO Harris Private Banking and Harris Private Bank to hear their economic and capital markets forecasts for the fourth quarter of 2008.
CIOs Paul Taylor and Jack Ablin say that consumer and business confidence and investor pessimism, along with housing market softness, continue to pressure both Canadian and U.S. equity markets.
During the call, the CIOs will discuss three different economic and capital markets' outlook scenarios, including:
- A global recession where credit issues persist and global confidence and liquidity crises continue;
- Very weak global growth as global policy intervention succeeds and confidence resumes;
- Weak North American economic growth due to moderate recovery in the U.S. housing market and stabilized consumer spending.
For more commentary and analysis on the Canadian and U.S. markets and what this means for investors, media are invited to participate in an interactive briefing at 11:00 a.m. EST on Thursday, November 13, 2008.
Media conference call details:
Who:
Host: Graham Parsons, Executive Vice President, Global Private
Banking,
BMO Harris Private Banking
Paul Taylor, Chief Investment Officer, BMO Harris Private Banking, Toronto
Jack Ablin, Chief Investment Officer, Harris Private Bank, Chicago
When:
Thursday, November 13, 2008
11:00 a.m. EST
Media call in number for BMO Harris Private Banking conference
call:
416-695-7806 / 888-789-9572
Participant passcode:
3274374#
The call will be archived at www.bmoharrisprivatebanking.com for seven days and a print transcript will be available upon request.
BMO Harris Private Banking and Harris Private Bank are part of BMO Financial Group's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under administration and term investments of $286 billion as at April 30, 2008.
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